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11.04.2417:12 Society

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14.01.22 13:37

Economics

China to cultivate 200,000 new high-tech SMEs by end of 2025

China fosters favorable conditions for the growth of such firms

More than 200,000 new high-tech small and medium-sized enterprises (SMEs) will be cultivated by the end of 2025 as China strives to foster a favorable environment for the growth of such firms, according to a notice recently issued by the Ministry of Science and Technology, as reported by Xinhua News Agency, a partner of TV BRICS.

China will, in particular, boost the development of innovative sci-tech SMEs featuring key technologies, research personnel, high-value intellectual property rights, and high research input, according to the notice.

More efforts will be made to support high-tech SMEs to generate innovation as well as introduce domestic and global talents by optimizing related policies and injecting diverse resources, the notice added.

Photo: Xinhua News Agency

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Grigory Karasin

Head of the Russian Federation Council Committee on International Affairs

"More than 40 states are applying for BRICS membership. Every month the number of such countries is increasing. This shows that such a free, flexible form of interaction through BRICS is very attractive"

Kazem Jalali

"We are happy that the Russian Federation is chairing the BRICS framework. We have decided to participate at the highest level in all BRICS events that are taking place in the Russian Federation"