China To Help Relieve 'Distress' of SMEs: People's Daily

China’s Commerce minister Wang Wentao said the country will take action to relieve the “distress and concerns” of small- and medium-sized enterprises (SMEs), in an interview posted in the official People’s Daily on Tuesday.

Beijing plans to “make full use of fiscal funds and policy-based financial tools to increase support for SMEs,” Wang was quoted as saying in the report.

The country has more than 13 million enterprises, of which more than 99% are SMEs, said Wang, adding that the government would create more development opportunities for such firms. Full story: People’s Daily

• Reuters with additional editing by Jim Pollard.

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.