Announcement
01 Oct 2017
September 1st, 2017 - The Chinese Ministry of Industry and Information Technology publishes a complete revision to a 2002 law 'On the Promotion of Chinese SMEs'. The new iteration explicitly calls for tax breaks, 'special funds' and 'monetary policy tools', amongst other means, to promote the growth of SMEs across China. It also brings 'micro-enterprises' to the table, referencing not just SMEs, but also MSEs (micro-small enterprises).
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Number of interventions
3
0 certainly harmful
3 likely harmful
0 liberalising
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Updated: 01 Oct 2017
Lending support
Furthermore, Chapter 3 of the new law details how various financial instruments will be used to support SMEs and MSEs, including the provision of lenient loans and other financial services at reduc...
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Updated: 01 Oct 2017
Financial grant
In addition to the tax cuts mentioned in Chapter II of the law, there is also a mention of 'special funds' for use to 'support SMEs through subsidy' (see Article 9).
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Updated: 01 Oct 2017
Tax or social insurance relief
At the beginning of September 2017, the PRC Ministry of Industry and Information Technology published a complete revision of a law passed in 2002 designed to boost the growth of SMEs across China.<...
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