Xia Tao
Sales Representative
SMEs Expected to Play More Important Role
(China Daily) Updated : 2006-09-05 09,:14
The Chinese Government is expecting the country's small and medium-sized privately run enterprises (SME) to play an increasingly important role in China's economic growth in the following years . To this end , a series of preferential policies are being drafted to support development of the country's myriad of SMEs . The preferential polices will involve taxation , land use rights , loans , financing , employment , foreign trade and the expansion of Sino-foreign cooperation . SMEs should seize the golden opportunities to further upgrade , try to increase their investment in technical innovation to improve the quality of their products , build their own brand names and further raise their competitive capacity in the following years , further expand co-operation with their foreign counterparts and actively participate in international competitions . Only by doing so would SMEs be able to compete with state-owned enterprises , foreign-funded companies and joint ventures in the country's economic development in the future . Chinese Government would spare no efforts to help SMEs overcome their difficulties in financing and development in the future .
1.SME small and medium-sized privately run enterprise 中小型企业
2.Preferential policies 优惠政策
3.Land use rights 土地使用权
4.Sino-foreign cooperation 中外合作经营
5.Technical innovation 技术创新
6.Build their own brand names and further raise their competitive capacity
树立自己的品牌,进一步提高自己的竞争力
7.State-owned enterprises SOE 国有企业 state-operated enterprises / state-run enterprises
8.Foreign-founded companies 外资企业,外商独资企业
9.Joint ventures 合资企业,中外合资经营企业
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