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Over 70% Chinese patents come from small and medium-sized enterprises

At the recent China Small and Medium-sized Enterprises Festival, it is noted that small and medium-sized enterprises (hereinafter SMEs) accounted for 99% of Chinese enterprises, completed over 70% of invention patents and provided more than 80% of new jobs.

SMEs play an irreplaceable role in national economy, creating over 50% of the revenue and above 60% of the GDP. They are becoming an important source of the driving force for economy, and a crucial support for upgrading economic structure and improving people’s livelihood. Especially in recent years, with the promotion of new economy, technologies and formats, a large number of SMEs emerged in China. However, they are confronted with problems, such as rising costs, changes in market demands and financing difficulties. At present, China is building platforms across the country to help SMEs expand new business and formats, for example, Shanghai is accelerating its pace in building the Fengxian dynamic zone for science technology innovation of SMEs to provide public services and resources for their development.


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