Further Intensifying Support for Micro, Small and Medium-Sized Enterprises and Investing in the Vitality of the Private Economy
Xiao Zheng
State Information Center
DOI: https://doi.org/10.59429/bam.v6i3.7360
Keywords: micro; small and medium-sized enterprises; private economy
Abstract
Micro, small and medium-sized enterprises form a vital part of China’s national economy. As the foundational units of the socialist market economy, they drive progress in China’s modernization. Numerous yet small in scale and dispersed in layout, these enterprises demonstrate relatively weak risk resistance during operations. Recently, the deregistration rate has climbed, while new registrations have declined sharply. micro, small and medium-sized enterprises face challenges in financing, operations, and recruitment. Recommendations include increasing support with intensified assistance, reducing costs by optimizing fiscal and tax policies, and broadening access through a multi-tiered financial support system.
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