China to extend supports to small firms

    Updated: 2012-02-01 20:38

    (Xinhua)

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    BEIJING - China's State Council, or the Cabinet, on Wednesday called for more efforts to support the sound development of small and micro-sized enterprises.

    "Small and micro-sized firms serve as a significant channel for creating jobs, and as a major platform for the growing and scientific innovation of enterprises," according to a statement released Wednesday after a State Council executive meeting presided over by Premier Wen Jiabao.

    Further supports for small and micro enterprises are crucial as they are still facing great operating pressures, rising costs and financing difficulties, the statement said.

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