SMEs have 'enormous' impact
By Wimonkan Kosumas | China Daily | Updated: 2014-09-04 07:08
The role that small- and medium-sized enterprises play in Asia-Pacific Economic Cooperation would be hard to overstate.
Recent research from the APEC SME Monitoring Index Survey shows that SMEs employ more than half of the workforce in most APEC economies.
Additionally, SMEs throughout APEC account for more than 40 percent of GDP, a truly staggering percentage. Yet even while SMEs form the economic backbone of APEC, they often face significant and unique marketplace hurdles.
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