Policy Interpretation: China’s 14th Five-Year Plan for Promoting SME Development

26 February 2022

On 25 January, the EU SME Centre, the European Union Chamber of Commerce in China and China Centre for Promotion of SME Development, Ministry of Industry and Information Technology (MIIT) hosted a joint Working Group meeting, where Mr Sun Wenkai, vice president of the National Institute of Small and Medium Enterprises at Renmin University of China, provided a detailed analysis of China’s 14th Five-Year Plan for Promoting SME Development.

In December 2021, China has unveiled its 14th Five-Year Plan (FYP) for Promoting the Development of Small and Medium‑sized Enterprises (SMEs). According to the document, SMEs are set to witness steady improvement in their overall development quality, innovation capability, specialization level as well as the operation and management levels by 2025. Major targets mapped out by the plan include: increasing the per‑capita operating income of SMEs by over 18%, increasing the annual R&D expenditure of small industrial enterprises by over 10%, and achieving an average annual growth rate of over 10% in the number of patent applications by the end of 2025.

Find Mr. Sun Wenkai’s presentations (Chinese and English version) below

Sign up and benefit from our entire range of free services

If you sign up today you’ll be able to

  • Access to tailored advice through our Ask-the-Expert tool
  • A library of over 200 publications
  • Practical business tools
  • A network of trade promotion and business support partners
  • A comprehensive database of service providers with contact information
Download

More from the Press Corner

Take Part in Our Case Studies on European Wine in China

Open Call| 17 August 2023

Infant Formula: New Registration Guidelines Will Enter into Force in October 2023

In Brief| 25 July 2023

EU Ambassador Jorge Toledo Meets with the EU SME Centre

Press release| 13 July 2023

Participation in the 18th China International SME Fair and 2nd SME International Cooperation Summit in Guangzhou

Press release| 10 July 2023

Take Part in Our Case Studies on European Wine in China

Open Call| 17 August 2023

Infant Formula: New Registration Guidelines Will Enter into Force in October 2023

In Brief| 25 July 2023

EU Ambassador Jorge Toledo Meets with the EU SME Centre

Press release| 13 July 2023

Participation in the 18th China International SME Fair and 2nd SME International Cooperation Summit in Guangzhou

Press release| 10 July 2023