Manufacturing News

China to create 1m innovative SMEs by 2025

China aims to cultivate 1 million innovative small and medium-sized enterprises (SMEs) by 2025, according to a government guideline on the development of SMEs during the 14th Five-Year Plan period (2021-2025).

By then, the country will also incubate 100,000 SMEs that feature specialization, refinement, uniqueness and innovation, and 10,000 "little giant" firms, which refer to small enterprises in their early stage of development and focusing on high-end technologies, said the guideline jointly released by the Ministry of Industry and Information Technology and 19 other ministries and government departments.

Specifying the targets, the guideline said that research and development expenditure of small industrial firms above designated size will maintain an annual growth of above 10 percent by 2025, and the number of patent applications will also increase by 10 percent annually.

Related work during the 14th Five-Year Plan period will focus on mitigating difficulties faced by SMEs with financing, it said, underscoring efforts to support new business models, coordinate research and production, and increase the connectivity between large companies and SMEs in terms of innovation.

Efforts will also be made to improve the efficiency of services for SMEs and upgrade services with digital technologies, the guideline said.

Most Viewed in 24 Hours

Special

Start a Digital Twin Journey from Engineering Simulation

Accenture releases survey of digital transformation

CIMC Reduces Unplanned Downtime by 30% with Greater Operational Insight from ThingWorx

Ansys Simulation Speeding up Autonomous Vehicles

回到顶部
  • Tel : 0086-27-87592219
  • Email : service@e-works.net.cn
  • Add: 3B1 International Business Center, No. 18 Jinronggang Road (No.4), East Lake High-tech Development Zone, Wuhan, Hubei, PRC. 430223
  • ICP Business License: 鄂B2-20030029-9
  • Copyright © e-works All Rights Reserved