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Jiangsu to promote the development of SMEs
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The sixth meeting of the Provincial Government's leading group on the development of small and medium-sized enterprises (SMEs) took place on May 19. During the meeting, it was emphasized that SMEs play a vital role in fostering innovation, generating employment, and enhancing the well-being of the population by linking numerous households. In line with the significant directives from General Secretary Xi Jinping regarding the advancement of SMEs, all cities and departments are urged to diligently implement the principles established by the 10th meeting of the State Council's leading group on SME development. This includes prioritizing high-quality growth, attaching greater importance to stabilizing the economy, and conducting thorough research and analysis to identify the key challenges faced by SMEs.

To support these objectives, a stronger sense of responsibility should be instilled, accompanied by increased fiscal and financial support. Implementing preferential policies that yield tangible benefits for a larger number of SMEs is crucial, along with enhancing the protection of their rights and interests. Assistance should be provided to help SMEs expand their markets and overcome obstacles, thereby enhancing their overall satisfaction. Particular attention should be given to SMEs employing special and sophisticated technologies to create innovative and distinctive products. The establishment of a strong foundation of high-quality SMEs is imperative, along with enhancing their capacity for innovation, intelligent operations, and digital transformation. Continuously fortifying their resilience and competitiveness is also essential.

Efforts should be made to improve the service system, accelerate the transformation of government functions, and strengthen monitoring and analysis of economic performance. By creating a top-tier business environment with significant influence, the aim is to consolidate the positive momentum in the development of SMEs and make substantial contributions to the overall enhancement of the provincial economy.

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