From January to July this year, the stabilization of my country’s small and medium-sized enterprises has laid the foundation for the stable operation of the economy – Chinadaily.com.cn

China Daily 2022-09-01 16:19

According to data released by the Ministry of Industry and Information Technology recently, from January to July this year, the operating income and total profit of small and medium-sized industrial enterprises above designated size increased by 8.1% and 1.6% year-on-year respectively. .

China’s small and medium-sized enterprises (SMEs) showed stable development in the first seven months of the year, laying a solid foundation for the steady operation of the country’s macroeconomy, official data showed Tuesday.

According to official data on August 30, the production and operation of small and medium-sized enterprises in my country has stabilized from January to July this year, laying a solid foundation for the stable operation of the national economy.

The combined operating revenue of the country’s major small and medium-sized industrial firms rose 8.1 percent year-on-year in the January-July period, data from the Ministry of Industry and Information Technology showed. The profits of these companies during the period were up 1.6 percent from a year earlier.

According to data from the Ministry of Industry and Information Technology, from January to July this year, the operating income and total profit of small and medium-sized industrial enterprises above designated size increased by 8.1% and 1.6% year-on-year respectively.

Preferential policies have been rolled out to ease the financial burden of smaller businesses and further boost their vitality.

The state has launched a number of policies to benefit enterprises and reduce the burden to further stimulate the vitality of small and medium-sized enterprises.

In the first half, the country’s micro, small and medium-sized enterprises received nearly 1.8 trillion yuan ($261.62 billion) in tax-and-fee cuts and deferrals, as well as tax refunds, official data showed.

Official data show that in the first half of this year, small and medium-sized enterprises enjoyed nearly 1.8 trillion yuan in new tax cuts and fee reductions, as well as tax rebates and tax deferrals.

The ministry has published the list of the fourth batch of “little giant” companies, which contains more than 4,300 companies that represent the novel elites of China’s SMEs that specialize in a niche market, boast cutting-edge technologies and show great potential.

The Ministry of Industry and Information Technology released the list of the fourth batch of specialized and new “little giant” enterprises, including more than 4,300 small and medium-sized enterprises with advanced technology and great development potential engaged in subdivided fields.

Despite the impact of COVID-19, the average annual operating revenue growth of these companies logged a rapid increase of over 20 percent in the past two years, according to Liang Zhifeng, an official from the ministry.

Liang Zhifeng, an official from the Ministry of Industry and Information Technology, pointed out that despite the impact of the new crown epidemic, the average annual operating income per household of these enterprises has increased by more than 20% in the past two years, and the growth trend is obvious.

Liang said the ministry will take further measures in the fields of funding, talent and technologies to create a better environment for the development of “little giant” firms.

Liang Zhifeng said that the Ministry of Industry and Information Technology will create a better and better development environment for “little giant” enterprises, and further improve the cultivation and service measures in terms of funds, talents and technology.

English source: Xinhua News Agency

Translator & Editor: Dany