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 | Thursday, April 20, 2000, updated at 09:35(GMT+8) | ||||||||||||
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Liaoning Upgrades Small EnterprisesNortheast china's Liaoning Province, one of China's major industrial bases, are making efforts to promote the development of small- and medium-sized enterprises as one of solutions to its problems in economic growth.At present, the 400,000 small- and medium sized enterprises in the province employ 8 million people, accounting for 40 percent of the labor force engaged in various industries and services. The added-value of the enterprises reached 129.9 billion yuan (US$ 15.28 billion) last year, accounting for 73 percent of the industrial added-value in the province. The taxes turned over by the small- and medium-sized enterprises took up 31.6 percent of the total of the industrial enterprises in Liaoning last year. With a high proportion of large state-owned enterprises (SOEs), Liaoning has a heavy task in the SOE reform and helping them overcome difficulties. Zhang Guoguang, governor of the province, said that Liaoning has set a strategy to promote its economic growth by developing small- and medium-sized enterprises, noting that the province will focus on promoting a great batch of small and medium-sized enterprises engaged in development of new and high technology and export-oriented business. This year the Finance Department of Liaoning Province invested 60 million yuan (US$ 7 million) in the establishment of a scientific and technological guarantee company to help small-and medium-sized enterprises engage in technological innovation. Liaoning is also formulating preferential policies for the small- and medium-sized enterprises so as to broaden their operation scope.
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