China's Government to Increase Support for SMEs and Green Sector Through 3-Year Action Plan

Friday, 5 July 2024, 09:30

China's new 3-year action plan aims to enhance support for small and medium-sized enterprises (SMEs) and the green sector by increasing government purchases. This move is crucial for bolstering the backbone of China's economy and promoting sustainable development. The initiative is expected to drive growth in the SME sector and accelerate the transition to a more environmentally conscious economy.
South China Morning Post
China's Government to Increase Support for SMEs and Green Sector Through 3-Year Action Plan

China's 3-Year Action Plan Overview

China has introduced a new 3-year action plan to boost support for SMEs and the green sector.

Key Points:

  • Government Purchases: Focus on increasing procurement from SMEs and green businesses.
  • SMEs Vital: SMEs are recognized as crucial to China's economic growth.
  • Sustainable Development: Aim to promote environmentally friendly practices.

In conclusion, China's 3-year action plan signals a commitment to bolstering SMEs and the green sector, laying the foundation for a more sustainable and resilient economy.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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