Abstrakt » e are around 11.7 million small

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NANJING, Sept. 6 (Xinhua) -- China has implemented multiple measures to help the country's numerous small firms survive economic hardship and has seen positive results Cheap Nike Air Max 95 Australia , a senior Chinese official has said.


Chinese small and medium-sized enterprises are "facing major challenges, including rising cost, tightened capital flow and other burdens," Miao Wei Cheap Nike Air Max 1 Australia , minister of the Ministry of Industry and Information Technology, said Friday during the 21st APEC Small and Medium Enterprise (SME) Ministerial Meeting in east China's Nanjing city.


The Chinese government has attached great significance to the problem and managed to create a sound environment for the SMEs, allowing the market to play the main role and simplifying administrative procedures, he said.


China cut income taxes and business taxes for small firms in the first half of this year Cheap Nike Air Max 97 Australia , along with facilitating fund raising and providing professional services, he said.


Small businesses in China contributed around 60 percent of GDP and paid half of the nation's tax bill but suffered the most from the economic slowdown. The revival of these firms will inject vitality into China economy.


Miao believed the favorable policies will ensure small firms can turn the corner, as encouraging signs have already emerged.


Combined revenues from main business and profits of SMEs increased 11.7 percent and 14.3 percent year on year respectively in the first half, with the number of registered firms jumping by 70 percent.


There are around 11.7 million small firms in China Cheap Nike VaporMax Plus Australia , almost 77 percent of total companies.




ADDIS ABABA， March 16 (Xinhua) -- The African Union (AU) on Thursday called for greater solidarity with African countries affected by the ongoing drought and famine.


Moussa Faki Mahamat， the newly elected chairperson of the AU Commission， is deeply concerned by the humanitarian situation in parts of Africa affected by drought and famine， which is the most severe food security emergency in the world today， said a statement from the pan-African bloc.


Close to 12 million people in South Sudan， Somalia and northeast Nigeria are in dire need of emergency food assistance， noted the statement.


Famine has been declared in parts of South Sudan， and this situation has led to major displacements into neighboring countries， it said.


The statement added that the situation in the countries is compounded by insecurity and conflict.


The chairperson has expressed AU's profound appreciation to its member states that have opened their borders and provided assistance to those in need.


Mahamat has urged all AU member states to contribute financial and technical support to alleviate the suffering of the affected populations.


He also appealed to AU partners and international humanitarian organizations to provide the much-needed financial and logistical support to assist the affected countries to avert a catastrophe.


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