More efforts should be made to promote the development of small- and medium-sized enterprises (SMEs) in China, said Su Bo, director of the department of SMEs under the National Development and Reform Commission.
"We must improve the environment for new ventures and establish a supportive mechanism for SMEs," he told the New Ventures China Investor Forum in Shanghai.
Over the past two decades, SMEs have grown into an important force behind China's dynamic economic scene. However, due to the absence of a legal and policy-making framework to protect and support the sector, SMEs in China still face many challenges and obstacles.
At the beginning of this year, SME Promotion Regulation was put into effect to tackle the problem. The SME department under the National Development and Reform Commission is also working on policies and programmes to assist SMEs with their business, technology development, management and training.
