UDC 33

GOVERNMENTAL SUPPORT OF SMALL AND MEDIUM BUSINESS IN CHINA

Musostova Deshi Shamsudinovna1, Bisaeva Daniya Isaevna2
1Chechen State University, Senior Lecturer of Business economics chair
2Chechen State University, 3rd course student of Faculty of economy and finance

Abstract
In this article the place and a role of small business in China are considered, special attention deserve a measure of support of entrepreneurs, the Government financial aid of MSP in China. These days small business develops very successfully in the country. A few years ago the Chinese government reoriented national economy from the resource-intensive entities to small businesses. Radical upgrade of national economy shall be finished 2050, what will lead it to number of leaders in economic development.

Keywords: cost efficiency, entrepreneurship, small and medium business, state support


Article reference:
Governmental support of small and medium business in China // Economics and innovations management. 2016. № 1 [Electronic journal]. URL: https://ekonomika.snauka.ru/en/2016/01/10707

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