The Ministry of Industry and Information Technology of China stated on its official website on the 24th that supporting policies during the “Twelfth Five-Year Plan” period (2011 to 2015) should be tilted toward “minor” and “small” companies to further reduce their tax burden.

According to the website of the Ministry of Industry and Information Technology, Zhu Hongren, spokesperson of the Ministry of Industry and Information Technology, said in an interview that during the “12th Five-Year Plan” period, China will further create an external environment conducive to the development of SMEs, and gradually shift the focus of support to small and micro enterprises.

Zhu Hongren said that during the “12th Five-Year Plan” period, the Ministry of Industry and Information Technology will pay more attention to the construction of public service systems when formulating support policies and arranging fiscal funds, pay more attention to supporting small and micro enterprises and improve services to small and micro enterprises. We will focus on strengthening and improving financial services for small enterprises, improving the multi-level SME credit guarantee system, and further expanding the financing channels for small and medium-sized enterprises. In addition, we must further reduce corporate tax burden.

In July this year, the newly revised “Small and Medium-sized Enterprises Standard” added new micro-enterprises, referring to those who have less than 20 employees in the industrial industry or less than 3 million yuan in annual operating income. Most Other industries are less than 10 employees. Business. Zhu Hong Ren said that this move is conducive to more targeted development of policies to support micro-enterprises.

A large-scale survey conducted by the All-China Federation of Industry and Commerce in the first half of this year found that many small and micro enterprises, especially small and micro enterprises in the traditional manufacturing industry, are facing a crisis of survival. Zhu Hong, who had previously denied news of the closure of small and medium-sized enterprises in the Pearl River Delta and the Yangtze River Delta region at a press conference, believes that SMEs are facing difficulties in financing, rising costs, and heavy tax burdens.

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