Fujian authorities promise greater support for SMEs

FUZHOU: The government will help small and medium-sized enterprises survive the financial crisis by offering tax reduction policies and financial opportunities, officials from Fujian said yesterday at the provincial political consultative conference.

Banks and other financial institutions should set up special departments to help SMEs to get loans and give them favorable policies, Li Chuan, vice-governor of the province, said.

SMEs are the major part of the economy in Fujian. They contributed 84.6 percent in the first three quarters of last year, according to official statistics. They are also the major employers in the province.