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China unveils 15th five-year plan for SME development by 2030

China’s Ministry of Industry and Information Technology and nine other departments issued the 15th Five-Year Plan for Promoting SME Development, targeting 2030. Goals include a 15% cumulative rise in per-capita revenue of above-scale SMEs, 22,000 specialized ‘little giant’ firms, and 600 national SME industrial clusters. The plan emphasizes digital-intelligent and green transformation, improved services, and diversified financing channels.

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