SMEs must make the most of the help offered by the govt

THE CENTRAL COMMITTEE OF THE COMMUNIST PARTY OF CHINA and the State Council, China's Cabinet, recently issued a guiding document to promote the healthy development of small and medium-sized enterprises. A Beijing Youth Daily article comments:

The document put forward a variety of measures to promote the development of SMEs, including further relaxing their market access, establishing a fair and uniform market supervision system, perfecting financing policies and alleviating the burden of tax and fees.

If the tax and fee reduction policies being implemented by the country are a "nutritious feast" for all enterprises, the multiple policies rolled out once again by the top authorities on some key issues facing SMEs, such as the ones targeted at their difficult and expensive financing and heavy tax burdens, are a special "extra meal" tailor-made for these financially weaker enterprises. Against the backdrop of the world's economic slowdown and mounting downward pressure on China's economy, some SMEs in China are suffering from malnutrition, so the "additional meal" comes at the right time. It ushers in a good time for the country's SMEs to make breakthroughs in the market after years of difficult survival struggles. The policy measures promised by decision-makers, if implemented to the letter, will help SMEs overcome their market predicament and achieve more secure and dignified survival and development.