Innovative push forward

Domestic SMEs need support from the government and financial system to advance sustainable development

As indicated by recent government documents and policy guidelines, alongside urbanization, innovation is seen as becoming a main driving force for China's sustainable economic growth in the years ahead.

As early as 2006, the Communist Party of China (CPC) Central Committee proposed the transformation to an innovation-driven growth model by 2020, in order to guarantee the sustainability of its long-term economic growth.