This short notes reports some of the information presented
at the 2015 China Small and Medium Enterprises (SME)
Summit1 held on October 10 and 11 in
Guangzhou.
Government Support for SMEs
China is committed to SME development and transformation. In
particular, and based on the Summit presentations, China is looking
to rapidly transform itself from a manufacturing economy focused on
products to a consumer driven economy. The industrial strategy
presented also emphasized embracing technological change at every
stage of business operations.
Support for growing a vibrant SME ecosystem was transmitted by
the speeches of Deputy Director General of the central
government's Ministry of Industry and Information Technology,
Guobin XIN (辛国斌)2, and
Vice-Governor of Guangdong, Zhigeng LIU
(刘志庚)3. In China, public speeches
on policy made by central government officials and provincial
politicians signals serious administrative and budgetary commitment
to a project.
