Chinese Gov't pledges strong support for innovation-based SMEs during downturn

Chinese Gov't pledges strong support for innovation-based SMEs during downturn

BEIJING, Aug. 31 (Xinhua) -- Science and Technology Minister Wan Gang said Monday China's government would provide strong support for small-and medium-sized enterprises (SMEs) to help them tide over the current economic downturn.

"The most effective way to withstand the impact of the global economic meltdown is to accelerate technological innovation, the new economic growth engine," Wan said in a signed article on the front page of Monday's Study Times, run by the Party School of the Central Committee of the Communist Party of China.