BEIJING: China aims to cultivate a million innovative small and medium-sized enterprises (SMEs) by 2025, according to a government guideline on the development of SMEs during the 14th Five-Year Plan period (2021-2025).
By then, the country will also incubate 100,000 SMEs that feature specialisation, refinement, uniqueness and innovation, and 10,000 “little giant” firms, which refer to small enterprises in their early stage of development and focusing on high-end technologies, said the guideline jointly released by the Ministry of Industry and Information Technology and 19 other ministries and government departments.
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