Ministry release new measures to support SMEs

(ECNS) – The Ministry of Industry and Information Technology supports large enterprises to share R&D resources with small and medium-sized enterprises (SMEs) and promote the integrated growth among them, said the ministry’s spokesperson Huang Libin.

Huang said the ministry will introduce measures in four aspects to further assist SMEs development following moves of the State Council.

Efforts will be made to implement the Law of Promoting Small and Medium-sized Enterprises and give a full play of the role of a State Council office for cross-departmental policy coordination.

The ministry will also work with other research institutions to build an evaluation system in order to make a full review of business environment and development problems faced by SMEs, said Huang.

The ministry will promote the open access and sharing of relevant policy and data resources with a new online platform and enhance the transparency, it was added.

The fourth measure is to study policies and measures that can advance the integrated growth of companies at various sizes.