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China expands support for innovative small businesses, boosting startups and "little giant" firms in key tech sectors.
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.
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.
These firms are concentrated in foundational industries, key supply chains, and emerging sectors like artificial intelligence, quantum technology, and the low-altitude economy.
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.
Government initiatives focus on tiered innovation support, enhanced financing, and expanded innovation platforms to strengthen industrial resilience and high-quality growth.
China amplía el apoyo a las pequeñas empresas innovadoras, impulsando las startups y las empresas "pequeñas gigantes" en sectores tecnológicos clave.