国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

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
...
...
姚安县| 水富县| 扶绥县| 舞钢市| 温州市| 肃南| 四川省| 安义县| 双江| 独山县| 濉溪县| 芷江| 宣恩县| 宁城县| 双柏县| 乐清市| 芒康县| 铁力市| 毕节市| 和林格尔县| 扎赉特旗| 大方县| 丹东市| 惠东县| 道真| 长汀县| 仲巴县| 武强县| 玉山县| 阿坝县| 兰坪| 灌南县| 来凤县| 富源县| 晋中市| 海盐县| 邵东县| 小金县| 宁蒗| 霸州市| 吕梁市|