Chinese Premier Wen Jiabao (C) inspects a medium-sized enterprise in Shenzhen of south China's Guangdong Province, Nov. 14, 2008. (Xinhua Photo) Photo Gallery>>>

    BEIJING, Nov. 15 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday outlined a series of proposals for local governments to support small and medium-sized enterprises (SMEs).

    Touring SMEs in the southern province of Guangdong, Wen said SMEs would play a crucial role in promoting economic growth, increasing fiscal revenue, providing jobs and maintaining social stability.

Chinese Premier Wen Jiabao (2nd L) inspects a medium-sized enterprise in Dongguan of south China's Guangdong Province, Nov. 14, 2008.(Xinhua Photo) Photo Gallery>>>

    Wen visited SMEs in Shenzhen, Dongguan and Foshan cities, where he demanded local governments to readjust and improve policies to support the healthy and rapid growth of SMEs.

    Measures should include easier access to credit extensions as well as preferential tax policies, and more loans to ensure SMEs grow faster in the fourth quarter.

    Financing priority should be given to SMEs that met industrial and environmental protection standards and had technologies and markets, and should encourage firms to transform and restructure.

    Wen said SMEs in Shenzhen performed better than those in other parts of the delta because they upgraded and innovated.

    On Friday afternoon, while inspecting export-oriented, labor-intensive SMEs in Dongguan, he said the key to survival and growth was to develop new products, increase product ranges, improve quality and diversify markets.

Vice premier: enterprises should adapt to financial turmoil


    JINAN, Nov. 4 (Xinhua) -- Domestic enterprises should enhance their protection against risks and adapt to the changing world economic environment, Chinese Vice Premier Li Keqiang said.

    Li made the remarks during a visit to eastern Shandong Province from Sunday to Tuesday. He visited enterprises, construction sites and rural areas. Full story

    Mu Hong, vice director of the National Development and Reform Commission (NDRC), said the agency would add 100 billion yuan of new investment during the fourth quarter. Full story

Official: Private equity "could have role" in China's stimulus plan

    BEIJING, Nov. 14 (Xinhua) -- China's vice finance minister Wang Jun said on Friday the government welcomed all types of capital, including private equity, to help sustain economic growth.

    Wang made the remarks at a press conference organized by the State Council Information Office. Full story

Stimulus package to push long-term growth

    BEIJING, Nov. 12 -- As the international financial tsunami spreads to the whole world, darkening the gloom over the global economy, China has come up with a package of stimulus policy to boost its economy.

    At a recent State Council meeting presided over by Premier Wen Jiabao, the central government vowed to adopt a proactive fiscal and a moderately loose monetary policy and take more forceful measures to spur domestic demand and promote a steady and relatively rapid economic growth. Full story

China plans 10 major steps to spark growth as fiscal, monetary policies ease


    BEIJING, Nov. 9 (Xinhua) -- China will take 10 major steps to stimulate domestic consumption and growth as it turns to an "active" fiscal policy and "moderately easy" monetary policy, an executive meeting of the State Council said on Sunday. Full story

China's centrally-administered SOEs urged to reinforce risk management 


    BEIJING, Nov. 13 (Xinhua) -- China has urged its centrally-administered State-owned Enterprises (SOEs) to reinforce their overall risk management in the mid of global financial crises.

    The State-owned Assets supervision and Administration Commission of the State Council (SASAC) said in an announcement on Thursday that it has become increasingly urgent for SOEs to step up their risk management, when the financial turmoil triggered by the U.S. subprime crisis kept deepening. Full story