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China Unveils 2026-2030 SME Development Plan

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China has released a five-year plan to boost high-quality growth for small and medium-sized enterprises, targeting a 15% rise in per-capita operating revenue by 2030, state media Xinhua News reported Thursday.

The initiative, jointly issued by 10 ministries including the Ministry of Industry and Information Technology, aims to raise research and development spending by over 8% annually and expand "little giant" firms to 22,000 by 2030.

The plan also launches a second-phase national development fund and expands China-foreign SME cooperation zones to 50.

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