The Ministry of Industry and Information Technology and nine other ministries
issued the "15th Five-Year Plan to Promote SME Development." The plan calls for
a tiered system to cultivate high-quality firms, new mechanisms to scale
specialized, refined, distinctive and innovative SMEs and designated "little
giant" firms, strengthened policy support with dynamic qualification and exit
rules, and tighter recognition/exit standards. It mandates integrating
evaluation systems for technology-based and innovation-driven SMEs, expanding
monitoring and services for gazelle and unicorn firms, and more active
identification of high-growth companies in emerging and future industries.
