At present, there are 42 million small and medium-sized enterprises within China, including individual industrial and commercial households, making up 99 percent of the total number of enterprises, with an increasing amount of contributions to economic growth. The ultimate value of goods and services that have been rendered by SMEs are approximately 60 percent of the GDP. The tax revenue turned over to the state made up 50 percent of the total revenue, and SMEs provide more than 75 percent of urban jobs.

Ou Xinqian, vice minister of the State Development and Research Commission, introduced the development situation of China's SMEs at news conference held by State Council Information Office, and also expressed that China has always attached importance to the development of SMEs and actively supports them. He said that SMEs are also the main driving force for technological innovation. Currently the SMEs have produced sixty-five percent of China's invention patents and eighty percent of new product development. SMEs continually improve the level of the nation's openness to the outside world; the proportion of SMEs labor-intensive product exports, including clothing, textiles, toys and shoes, reached more than 90 percent of all exports.

In the field of high technology, SMEs' proportion of exports is also increasing gradually.

By People's Daily Online