Small and medium enterprises have contributed to 70% of China’s import/export
Chinanews, Beijing, Dec. 2 – China Small and Medium Enterprise Index of Economic Development 2005(SMEI) was released on November 28, 2006, which indicates that small and medium enterprises have taken up 99.6% of China’s enterprises in quantity (including small private businesses), and they have contributed to 70% of the country’s export and import.
Small and medium enterprises have become important boosters to China’s economic growth, and they have contributed to about 59% of China’s GDP, and taken up about 60% of the domestic market, as well as 48.2% of the total tax revenue, not to mention that they have also provided 75% of job opportunities in towns and cities in China.