综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

China big on SMEs amid economic slowdown

(Xinhua) Updated: 2014-05-28 10:52

BEIJING - Chinese officials said on Tuesday that more efforts by the government are under way to revitalize the country's small and medium-sized enterprises (SMEs) in boosting economic growth.

SMEs, which create more than 60 percent of economic output and more than 80 percent of urban jobs in the country, are the most numerous and innovative of the country's enterprises.

"They are irreplaceable in boosting economic growth, pushing forward innovation, and providing employment," said Zheng Xin, director of the SMEs department under the Ministry of Industry and Information of Technology (MIIT).

The central government will budget 11.5 billion yuan ($1.86 billion) in a special fund for SMEs to support their innovation and international cooperation. The money will also be used to provide financial assistance to some SMEs, according to Xu Kemin, deputy director of the MIIT SMEs department.

The State Council, China's cabinet, said last month that tax breaks for small and micro firms will be extended until the end of 2016, with companies eligible to have their business income tax halved if their taxable income is under 100,000 yuan per year.

The central government has acted toward tax reduction for SMEs in recent years. Through the expansion of value-added tax, which has replaced turnover tax in some sectors, taxes worth 120 billion yuan were exempted for corporate firms last year, with SMEs the major beneficiaries, Xu said.

Xu added that unreasonable administrative charges by government agencies on companies are also gradually being scrapped, with their value estimated to have totaled 30 billion yuan since 2012 and unfair charges will continue to be cleared.

The efforts to boost SME growth came as economic growth in the world's second-largest economy slowed to a six-quarter low of 7.4 percent in the first quarter of the year.

Zheng said that Chinese SMEs are generally stable and healthy, though challenges such as rapidly increasing costs in labor, logistics, and rental fees are squeezing out their profits.

High-tech SMEs: Credit and Financing

Financing being set up just for SMEs

Stock exchange chief seeks better support for SMEs

 

Hot Topics

Editor's Picks
...
...
临汾市| 鲁山县| 康平县| 景宁| 苏尼特左旗| 陈巴尔虎旗| 福清市| 怀宁县| 龙岩市| 东辽县| 安丘市| 甘泉县| 麻阳| 黑山县| 治多县| 天全县| 博客| 太湖县| 丽水市| 长泰县| 鄢陵县| 湖南省| 应用必备| 河西区| 治多县| 凤山县| 瑞昌市| 盘锦市| 双牌县| 临澧县| 双城市| 蓝田县| 蒙阴县| 宁城县| 田东县| 温宿县| 克拉玛依市| 沧源| 东明县| 中江县| 都匀市|