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China to put more funds to support SMEs

By Zhang Ran (chinadaily.com.cn)
Updated: 2009-03-05 10:30

The central government will allocate 9.6 billion yuan ($1.41 billion) to support the development of small and medium-sized enterprises (SMEs).

The figure was 3.9 billion yuan last year. The government will continue to encourage technology innovation and give tax exemption to SMEs.