Senior Officail: SMEs Get more Support 
The minister of Industry and Information Technology, Mr. Li Yizhong, said at the opening ceremony of the 6th China International Small and Medium-size Enterprises Fair on Tuesday (September 22) that the government will take more positive and effective measures to help SMEs ride out the crisis. Our journalist Lihui has the details:
Li Yizhong stressed the importance of SMEs for the PRC:
"SMEs contribute to 60% of China's GDP and employ 75% of urban workers. If SMEs can't recover, neither can China's economy. If SMEs are unstable, it's difficult to ensure good employment and social stability."
Li said the State Council has issued a package of measures to stimulate the development of SMEs, including policies to guide private capital to tap into the country's financial system.
"The government encourages county and village banks and small loan companies to be set-up which allow private capital to be invested in these places."

from smenx.gov.cn

License Procedures Facilitated for Domestic Companies
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