• Contcat Us
Sunday, October 5, 2025
Nigeria Today
  • Home
  • News

    China And Nigeria Reaffirm Strategic Partnership at PRC’s 76th Anniversary Celebration

    Experts, Diplomats Discuss Global Governance Initiative at Abuja Seminar

    China Commissions 15th Chinese Corner in Abuja to Boost Cultural and Educational Exchange

    China Commissions New Chinese Corner in FCT School to Deepen Educational Ties with Nigeria

  • World

    Bangladesh prime minister resigns, flees country after deadly protests

    U.S Supreme Court disqualifies Trump from 2024 presidency

    Calling President Xi a dictator ‘absurd and irresponsible’, China tells Biden

    Biden and China’s Xi met for three hours. Here’s what they talked about

  • Nigeria

    NCSP DG Urges Legislative Action to Deepen Nigeria-China Economic Cooperation

    FG Abandons Lagos-Calabar Coastal Highway Route, Reverts to Original Alignment

    Chinese-constructed light rail helps ease traffic flow in Nigeria’s Lagos

    We’ll Work With President-Elect Tinubu On Economy, Security & Job Creation – Chinese Envoy

  • Politics

    APC Affirms One-China Principle, Lauds Nigeria-China Partnership

    China’s national legislature opens annual session in Beijing

    Key highlights of President Xi Jinping’s meeting with President Tinubu

    Gov Uba Sani Engages CCECC in Beijing to Boost Kaduna State Projects

  • Opinion

    My China Story: A Journey Through Beijing, Wuxi, and Qingdao

    Several Common Fallacies on the Taiwan Question

    Chinanization And Nigerianization Of An International Agenda: A Symphony Of President Xi And Tinubu In Global Governance Structuration

    Understanding President Xi’s Global Governance Initiative and its Impact on Africa and Nigeria

  • Sport

    2025 World Relays: Chinese Embassy Refutes Claims of Visa Delays for Nigerian Contingent

    Haopeng Cup: CGC Wins 2024 CGCCN Basketball League

    China wins 12 Olympic swimming medals in Paris, shrugs off doping row

    Chinese athletes ready to chase perfection in Paris 2024

  • Culture

    China & Nigeria Celebrate International Day for Dialogue Among Civilizations

    Nigerian Students Shine at 24th Chinese Bridge Competition in Abuja

    China Marks 2025 International Chinese Language Day in Abuja

    Chinese Embassy in Nigeria Celebrates 2025 Spring Festival with Temple Fair

  • Videos
No Result
View All Result
  • Home
  • News

    China And Nigeria Reaffirm Strategic Partnership at PRC’s 76th Anniversary Celebration

    Experts, Diplomats Discuss Global Governance Initiative at Abuja Seminar

    China Commissions 15th Chinese Corner in Abuja to Boost Cultural and Educational Exchange

    China Commissions New Chinese Corner in FCT School to Deepen Educational Ties with Nigeria

  • World

    Bangladesh prime minister resigns, flees country after deadly protests

    U.S Supreme Court disqualifies Trump from 2024 presidency

    Calling President Xi a dictator ‘absurd and irresponsible’, China tells Biden

    Biden and China’s Xi met for three hours. Here’s what they talked about

  • Nigeria

    NCSP DG Urges Legislative Action to Deepen Nigeria-China Economic Cooperation

    FG Abandons Lagos-Calabar Coastal Highway Route, Reverts to Original Alignment

    Chinese-constructed light rail helps ease traffic flow in Nigeria’s Lagos

    We’ll Work With President-Elect Tinubu On Economy, Security & Job Creation – Chinese Envoy

  • Politics

    APC Affirms One-China Principle, Lauds Nigeria-China Partnership

    China’s national legislature opens annual session in Beijing

    Key highlights of President Xi Jinping’s meeting with President Tinubu

    Gov Uba Sani Engages CCECC in Beijing to Boost Kaduna State Projects

  • Opinion

    My China Story: A Journey Through Beijing, Wuxi, and Qingdao

    Several Common Fallacies on the Taiwan Question

    Chinanization And Nigerianization Of An International Agenda: A Symphony Of President Xi And Tinubu In Global Governance Structuration

    Understanding President Xi’s Global Governance Initiative and its Impact on Africa and Nigeria

  • Sport

    2025 World Relays: Chinese Embassy Refutes Claims of Visa Delays for Nigerian Contingent

    Haopeng Cup: CGC Wins 2024 CGCCN Basketball League

    China wins 12 Olympic swimming medals in Paris, shrugs off doping row

    Chinese athletes ready to chase perfection in Paris 2024

  • Culture

    China & Nigeria Celebrate International Day for Dialogue Among Civilizations

    Nigerian Students Shine at 24th Chinese Bridge Competition in Abuja

    China Marks 2025 International Chinese Language Day in Abuja

    Chinese Embassy in Nigeria Celebrates 2025 Spring Festival with Temple Fair

  • Videos
No Result
View All Result
Nigeria Today
No Result
View All Result
Home Business

China vows to beef up support for SMEs, unicorn companies

by Nigeria Today
October 15, 2024
Reading Time: 2 mins read
0
3
SHARES
3
VIEWS
Share on FacebookShare on Twitter

China will increase support for innovative small- and medium-sized enterprises (SMEs) and unicorn companies to foster new quality productive forces and help enterprises expand markets and unleash vitality, the Ministry of Industry and Information Technology (MIIT) said Monday.

So far, China has cultivated about 141,000 innovative SMEs that use specialized, sophisticated technologies to produce novel or unique products, including 14,600 “little giant” firms, Wang Jiangping, vice minister of industry and information technology, told a press conference.

These companies have played an important role in promoting new industrialization and developing new quality productive forces, Wang said, adding that the MIIT will work with relevant departments to roll out mechanisms to promote the development of such SMEs and boost the high-quality growth of the enterprises.

Wang noted that further efforts will be made to support the digital transformation and financing of the companies. For “little giant” firms, which refer to the novel elites of SMEs that are engaged in manufacturing, specialize in a niche market and boast cutting-edge technologies, China will use the central government budget to support them in achieving new technological breakthroughs, developing new products and strengthening the industrial chain to boost their scientific and technological innovation.

China has seen a growing number of unicorn companies in recent years, with over half of last year’s new unicorns emerging in rapidly developing technology sectors like new energy, artificial intelligence and semiconductors, according to the ministry.

The MIIT has vowed to support the listing, mergers and acquisitions, and restructuring of unicorn firms and promote the growth of such companies in future industries such as the brain-computer interface and 6G sectors. It has also vowed support for such firms to integrate into the global innovation network and enhance innovation cooperation.

In the fourth quarter of this year, China will launch specific measures to promote consumption and domestic demand in order to help enterprises expand the market and unleash vitality, the vice minister said.

It will promote investment in the projects of technical transformation and upgrading as well as equipment renewal, and accelerate the issuance of re-loans worth 150 billion yuan (about $21.21 billion) to support such projects.

To expand consumption, China will promote electric bicycle trade-ins and increase promotion efforts for new energy vehicles, Wang said, adding that it will also help develop sectors such as the low-altitude economy and smart manufacturing to create new engines for economic growth.

 

Source(s): Xinhua News Agency
Tags: CHINASMEs

Related Posts

Business

China to establish Africa’s first local insulin production facility in Nigeria

September 25, 2025
News

China And Nigeria Reaffirm Strategic Partnership at PRC’s 76th Anniversary Celebration

September 25, 2025
News

Experts, Diplomats Discuss Global Governance Initiative at Abuja Seminar

September 19, 2025
News

China Commissions 15th Chinese Corner in Abuja to Boost Cultural and Educational Exchange

September 18, 2025
News

China Commissions New Chinese Corner in FCT School to Deepen Educational Ties with Nigeria

September 16, 2025
News

China Donates Books to FCT Schools, Strengthens Educational Ties with Nigeria

September 11, 2025
Next Post

Chinese modernization fuels shared prosperity of developing nations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Chinese Firm Not Involved In Shooting Of Immigration Officer – CGCCN

March 28, 2025

China Chamber of Commerce refutes media reports of alleged discrimination at Chinese Supermarket

April 22, 2024

FCT Schools win big at 2024 China-Nigeria Cultural Fiesta & Dancing Competition

November 7, 2024

China’s Independent Policy Of Peace And Friendly Cooperation

October 25, 2022

New Chinese Corner Inaugurated at FCT School

October 29, 2024

EDITOR'S PICK

Governors Write To President Buhari To Extend Timeframe For Naira Redesign Implementation

February 8, 2023

WWII Victory: Global Youth Issue Peace Initiative at Beijing Conference

August 5, 2025

Understanding President Xi’s Global Governance Initiative and its Impact on Africa and Nigeria

September 8, 2025

China & Nigeria Celebrate International Day for Dialogue Among Civilizations

June 11, 2025
Facebook Twitter Youtube Whatsapp

About

Nigeria Today is a platform dedicated to bringing you precise and accurate news and information about Nigeria.

Follow us

Categories

  • Africa
  • Art and life
  • Business
  • China
  • Culture
  • entertainment
  • Health
  • News
  • Nigeria
  • Opinion
  • Politics
  • POPULAR NEWS
  • Science
  • Sport
  • Tech
  • Travel
  • Uncategorized
  • Videos
  • World

Recent Posts

  • My China Story: A Journey Through Beijing, Wuxi, and Qingdao
  • Several Common Fallacies on the Taiwan Question
  • China, Nigeria Deepen Cultural Ties at Mid-Autumn Festival Celebration in Abuja
  • China to establish Africa’s first local insulin production facility in Nigeria

© 2022 Nigeria-Today - News & Magazine

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Politics
  • World
  • Nigeria
  • Opinion
  • Sport
  • Culture

© 2022 Nigeria-Today - News & Magazine