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The Ministry of Industry: SMEs Provide 75% of Our Business Innovation

Source: Yiwu sourcing agent    Author: Helan      Date: 2012-06-25

Minister of Industry and Information Technology Miao Wei, said yesterday at the fourth APEC SME dialogue with the world top 500 Fortune Global Forum ", in China, SMEs provide about 65 percent of invention patents, 75 percent of enterprises to innovate and 80 % of new product development, has become the subject and the main force of China's scientific and technological progress.
  Miao Wei said that the current, whether it is in the IT, biotechnology or new materials and other high-tech fields, including information consulting, logistics and other emerging industries, the innovation of SMEs in China are very active. A large number of new technologies and new products, new services, new business models are derived from the SMEs. Improve and upgrade traditional industries, training and development of strategic industries, SMEs are the key person in charge.
  "In China, SMEs accounted for 99% of the number of enterprises to create the account for 60% of the total economy and the financial and tax provides almost 80% of jobs, increasing revenue, increasing employment opportunities, and optimize the economic structure and other aspects also played an irreplaceable role. "said Miao Wei.
  Yesterday, the Seventh Asia-Pacific Economic Cooperation (APEC) Small and Medium Enterprises Technology Conference and Exhibition opened in Chengdu, more than 1600 SMEs exhibitors from the 15 APEC member economies, "The Fourth APEC SME dialogue with the world top 500 Fortune Global Forum "is the main forum for this exhibition.

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