SMEs allowed to enter key industries
18 September 2007
Chinese small and medium-sized of enterprises (SMEs) have be allowed to enter the mineral resource exploration and military defense technology sectors, Xinhua reported (in Chinese). The news comes from a summit on the fourth China International Small and Medium Enterprise Fair in Guangzhou, Guangdong province. Since the implementation of new regulations on encouraging and promoting SMEs' development, the government has gradually opened its monopolistic sectors to SMEs, said Zhong Youping, vice director of State Administration of Industry and Commerce. Ou Xinqian, vice director of the National Development and Reform Commission, said the government will further clarify market-entry standards and revise relevant rules to expand the business range for SMEs in the future.
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