Asia-Pacific region's innovations boosted by mutually beneficial working partnerships

SMEs are an integral part of the APEC and play an important role in increasing job opportunities and boosting innovation and social stability.

They have become the most dynamic group in China's business circle. China's SMEs have contributed more than 50 percent of tax nationwide, and created 60 percent of the country's GDP, 70 percent of patents for inventions, as well as 80 percent of employment opportunities.

At present, it's an important task and a challenge for APEC economic entities to boost and support renovation and sustainable development of the SEMs, as the world's technology and industry revolution accelerates, resources begin to hold back economy, and market competition grows increasingly competitive.