More supporting policies for SMEs urged
By Zhu Shenshen |
January 14, 2012, Saturday
|
Print Edition
Print Edition
LAWMAKERS have urged the Shanghai government to unveil more favorable policies for the city's 337,000 small and medium-sized enterprises, which are facing rising material and social security costs amid weakening global demand, Shanghai Daily learned yesterday.
Speaking at the Shanghai People's Congress, some deputies, who are also heads of SMEs, said they hoped for policies that would include tax cuts, more bank loans, improving efficiency of government bureaus and supporting service and culture industries such as e-commerce.
"We SMEs are often neglected by the government in Shanghai. We don't need money from the government but we do need the government to improve the business environment," said deputy Zhou Chengjian, who is also president of clothing firm Metersbonwe.
The deputies also pointed out that many SMEs have to wait for several months to get government approvals for their expansion or applications for initial public offerings or opening new offices and logistics centers.
Zhao Ye, a congress deputy and vice director of the Jiading Industrial Zone, also asked the government to help the e-commerce industry.
He added that e-commerce firms and other service companies have helped Jiading's service industry raise its contribution to the district's economy from 5-6 percent several years ago to 30 percent last year.
Other deputies called for the banks to offer more loans to the SMEs as these loans mainly go to huge-scale state-owned firms.
Shanghai now has 337,000 SMEs, which contribute 50 percent of tax and 60 percent of revenue of all local firms. Many of the SMEs are high-tech and service firms.
Officials at Shanghai's economic planning agency and industry regulators have pledged to improve their performance this year.
Speaking at the Shanghai People's Congress, some deputies, who are also heads of SMEs, said they hoped for policies that would include tax cuts, more bank loans, improving efficiency of government bureaus and supporting service and culture industries such as e-commerce.
"We SMEs are often neglected by the government in Shanghai. We don't need money from the government but we do need the government to improve the business environment," said deputy Zhou Chengjian, who is also president of clothing firm Metersbonwe.
The deputies also pointed out that many SMEs have to wait for several months to get government approvals for their expansion or applications for initial public offerings or opening new offices and logistics centers.
Zhao Ye, a congress deputy and vice director of the Jiading Industrial Zone, also asked the government to help the e-commerce industry.
He added that e-commerce firms and other service companies have helped Jiading's service industry raise its contribution to the district's economy from 5-6 percent several years ago to 30 percent last year.
Other deputies called for the banks to offer more loans to the SMEs as these loans mainly go to huge-scale state-owned firms.
Shanghai now has 337,000 SMEs, which contribute 50 percent of tax and 60 percent of revenue of all local firms. Many of the SMEs are high-tech and service firms.
Officials at Shanghai's economic planning agency and industry regulators have pledged to improve their performance this year.
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