According to a survey by China’s central bank value-added industrial output recorded by small- and medium-sized enterprises (SMEs) was 1,400 billion yuan (US$168.7bn) in the first six months 2003, accounting for 58.7 per cent of China’s total output, 2.3 percentage points higher than at the beginning of this year.
During the same period SMEs' sales revenue accounted for 58 per cent of the total recorded by industrial firms in China, while taxes paid by SMEs made up 47.1 per cent of the country's total.
SMEs increased fixed-asset investment by29 per cent compared to a year earlier, 0.9 percentage points higher than that of the country's total posted by industrial firms.
