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Chinanews, Beijing, September 27 – The number of medium and small businesses in China has exceeded 40 million, taking up 99.8% of the enterprises in the country, to become a main force boosting the Chinese economy.
The output of these businesses has taken up nearly 55% of the country's GDP, and they contribute 46% tax revenue to the state. They are very innovative1, too, for more than 75% of China's innovative products and new patents are the fruit of their labor2. However, medium and small businesses are not perfect. They have difficulties in financing, social security system, management, and exploration of new markets, which require the attention of the whole society.
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