Tag archives: Small and medium

BEIJING -- China will ramp up multiple policy supports, including cutting costs and increasing funding, to help small and medium-sized companies tide over difficulties, officials told a press conference on Wednesday. China"s small and medium-sized firms logged stable growth in the first quarter of 2022, with the combined revenue and profit of major industrial companies up 14.1 percent and 6.5 percent year-on-year, respectively, Vice-Minister of Industry and Information Technology Xu Xiaolan said. To address difficulties faced by smaller firms in costs, financing and logistics, local authorities have introduced policies to offer subsidies for spending on rent, utilities, loan repayments and