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flag China expands support for innovative small businesses, boosting startups and "little giant" firms in key tech sectors.

flag China has expanded support for small and medium-sized enterprises, especially innovative "little giant" firms, with the State Council approving the second phase of a national development fund to boost early-stage startups. flag As of 2025, over 600,000 innovative SMEs and more than 17,600 national-level "little giants" have emerged, contributing disproportionately to industrial revenue and profits. flag These firms are concentrated in foundational industries, key supply chains, and emerging sectors like artificial intelligence, quantum technology, and the low-altitude economy. flag Starair Aircraft Co Ltd, a leader in the low-altitude sector, reported strong sales and domestic market dominance, with plans for full component localization by the early 2030s. flag Government initiatives focus on tiered innovation support, enhanced financing, and expanded innovation platforms to strengthen industrial resilience and high-quality growth.

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