Tax cuts for small businesses among measures mulled

GUANGZHOU: China might abolish several fees on SMEs and exempt them from tariffs on imported equipment as part of efforts to battle the effects of the ongoing global recession, said Zhu Hongren, spokesperson for the Ministry of Industry and Information Technology, one of the CISMEF co-sponsors.

As well, 100 model industrial projects could be established and one million more management professionals trained through government assistance

"Despite all the measures that have been taken to help SMEs fend off the negative impact of the global financial turmoil, many - particularly export-oriented and labor-intensive operations in coastal regions - still face severe challenges," the official said.