New regulations to bolster smaller businesses

Chinese regulators will further support small-and medium-sized enterprises with new rules to optimize their business environment, government officials said on Friday.

Over one year since the amended law on the promotion of SMEs was implemented, various departments of the Chinese government reported steady progress and outlined the emphasis of future work during a special enquiry meeting of the Standing Committee of the 13th National People's Congress held on Friday.

Lin Nianxiu, deputy director of the National Development and Reform Commission, said the NDRC has been drafting regulations to optimize the business environment and they will be implemented by the end of September.