November 1, 2014

Snapshot of China’s Small Business Marketplace

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Even communist countries are jumping on the small business bandwagon.

China is implementing new programs to support its small businesses.  They include help for  starting a business, obtaining credit guarantees, and improving personnel training.
 
Consider these statistics about China’s small and medium enterprises (SMEs): 

“Official statistics show that the number of SMEs registered in China had exceeded 3.6 million by the end of 2003. In addition, another 27.9 million individuals are running their own household businesses in the country. These two categories account for 99.6 percent of the country’s total enterprises.

    Though SMEs contribute to 55.6 percent of the country’s GDP (gross domestic product) and over 75 percent of urban job opportunities, they are still faced with restrictions and obstacles in many respects, said Wang Chunzheng. Due to these factors, SMEs are still in a weak position in terms of access to information, technology, human resources, finance and market, according to Wang.”

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Anita Campbell - CEO


Anita Campbell Anita Campbell is the Founder and Publisher of Small Business Trends and has been following trends in small businesses since 2003. She is the owner of BizSugar, a social media site for small businesses, and also serves as CEO of TweakYourBiz.com.

One Reaction

  1. S L TALWAR, DELHI, INDIA

    Dear Sir

    May I request full feature on China’s small and medium industries, big players, chain stores, share in country’s revenue etc etc.

    If you have, please send it to me. In fact I am studying on small and medium industries of China, India, USA, Australia, Singapore and Russia.

    Whatever material you have, please mail me.

    Thanks

    S L TALWAR

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