China launches five-year SME growth plan

China has announced an ambitious five-year plan (2026-2030) aimed at promoting the development of small and medium-sized enterprises across the country. The plan includes increasing the quality and scale of these companies, with an expected growth of about 15% in per capita operational revenue by 2030. It also seeks to boost annual research and development expenditures among the most innovative industrial companies by more than 8%, expand the number of "giant" small businesses to 22,000, and enhance the overall business environment, facilitate financing, and develop collaboration zones with foreign companies.

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