国内英语资讯:China revises law to better support SMEs
<p><span word="BEIJING">BEIJING</span>, <span word="Sept">Sept</span>. 1-- <span word="China">China</span>'<span word="s">s</span> <span word="top">top</span> <span word="legislature">legislature</span> <span word="on">on</span> <span word="Friday">Friday</span> <span word="revised">revised</span> <span word="a">a</span> <span word="legislation">legislation</span> <span word="to">to</span> <span word="better">better</span> <span word="protect">protect</span> <span word="the">the</span> <span word="interests">interests</span> <span word="of">of</span> <span word="small">small</span> <span word="and">and</span> <span word="medium">medium</span>-<span word="sized">sized</span> <span word="enterprises">enterprises</span> (<span word="SMEs">SMEs</span>).</p><p><span word="The">The</span> <span word="revised">revised</span> <span word="law">law</span> <span word="was">was</span> <span word="adopted">adopted</span> <span word="after">after</span> <span word="a">a</span> <span word="third">third</span> <span word="reading">reading</span> <span word="at">at</span> <span word="the">the</span> <span word="bimonthly">bimonthly</span> <span word="session">session</span> <span word="of">of</span> <span word="the">the</span> <span word="National">National</span> <span word="People">People</span>'<span word="s">s</span> <span word="Congress">Congress</span> (<span word="NPC">NPC</span>) <span word="Standing">Standing</span> <span word="Committee">Committee</span>, <span word="which">which</span> <span word="runs">runs</span> <span word="from">from</span> <span word="Monday">Monday</span> <span word="to">to</span> <span word="Friday">Friday</span>.</p><p><span word="The">The</span> <span word="revision">revision</span> <span word="has">has</span> <span word="strengthened">strengthened</span> <span word="protection">protection</span> <span word="on">on</span> <span word="the">the</span> <span word="property">property</span> <span word="rights">rights</span> <span word="and">and</span> <span word="other">other</span> <span word="rights">rights</span> <span word="of">of</span> <span word="SMEs">SMEs</span> <span word="and">and</span> <span word="increased">increased</span> <span word="support">support</span> <span word="in">in</span> <span word="areas">areas</span> <span word="such">such</span> <span word="as">as</span> <span word="financing">financing</span>, <span word="taxation">taxation</span> <span word="and">and</span> <span word="employment">employment</span>.</p><p><span word="Under">Under</span> <span word="the">the</span> <span word="amendment">amendment</span>, "<span word="to">to</span> <span word="maintain">maintain</span> <span word="the">the</span> <span word="legal">legal</span> <span word="rights">rights</span> <span word="and">and</span> <span word="interests">interests</span> <span word="of">of</span> <span word="SMEs">SMEs</span>" <span word="was">was</span> <span word="inserted">inserted</span> <span word="into">into</span> <span word="the">the</span> <span word="first">first</span> <span word="section">section</span> <span word="of">of</span> <span word="the">the</span> <span word="law">law</span>, <span word="which">which</span> <span word="clarifies">clarifies</span> <span word="the">the</span> <span word="law">law</span>'<span word="s">s</span> <span word="aims">aims</span>.</p><p><span word="Meanwhile">Meanwhile</span>, "<span word="the">the</span> <span word="country">country</span> <span word="protects">protects</span> <span word="the">the</span> <span word="property">property</span> <span word="rights">rights</span> <span word="and">and</span> <span word="other">other</span> <span word="legal">legal</span> <span word="rights">rights</span> <span word="and">and</span> <span word="interests">interests</span> <span word="of">of</span> <span word="SMEs">SMEs</span> <span word="and">and</span> <span word="their">their</span> <span word="investors">investors</span>" <span word="was">was</span> <span word="added">added</span> <span word="to">to</span> <span word="the">the</span> <span word="section">section</span> <span word="that">that</span> <span word="details">details</span> <span word="rights">rights</span> <span word="protection">protection</span>.</p><p><span word="Financial">Financial</span> <span word="institutions">institutions</span> <span word="should">should</span> <span word="serve">serve</span> <span word="SMEs">SMEs</span> <span word="efficiently">efficiently</span> <span word="and">and</span> <span word="fairly">fairly</span>, <span word="and">and</span> <span word="the">the</span> <span word="country">country</span> <span word="encourages">encourages</span> <span word="financial">financial</span> <span word="institutions">institutions</span> <span word="to">to</span> <span word="provide">provide</span> <span word="SMEs">SMEs</span> <span word="with">with</span> <span word="tailored">tailored</span> <span word="products">products</span> <span word="and">and</span> <span word="services">services</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="revised">revised</span> <span word="law">law</span>.</p><p><span word="It">It</span> <span word="added">added</span> <span word="that">that</span> <span word="tax">tax</span> <span word="benefits">benefits</span> <span word="and">and</span> <span word="reduction">reduction</span> <span word="of">of</span> <span word="administrative">administrative</span> <span word="charges">charges</span> <span word="will">will</span> <span word="be">be</span> <span word="offered">offered</span> <span word="to">to</span> <span word="SMEs">SMEs</span>.</p><p><span word="To">To</span> <span word="support">support</span> <span word="SMEs">SMEs</span> <span word="in">in</span> <span word="attracting">attracting</span> <span word="professional">professional</span> <span word="talent">talent</span>, <span word="the">the</span> <span word="country">country</span> <span word="encourages">encourages</span> <span word="research">research</span> <span word="institutions">institutions</span> <span word="and">and</span> <span word="colleges">colleges</span> <span word="to">to</span> <span word="cooperate">cooperate</span> <span word="with">with</span> <span word="SMEs">SMEs</span> <span word="on">on</span> <span word="the">the</span> <span word="transformation">transformation</span> <span word="of">of</span> <span word="scientific">scientific</span> <span word="and">and</span> <span word="technological">technological</span> <span word="achievements">achievements</span>.</p><p><span word="Although">Although</span> <span word="SMEs">SMEs</span> <span word="generate">generate</span> <span word="some">some</span> 60 <span word="percent">percent</span> <span word="of">of</span> <span word="China">China</span>'<span word="s">s</span> <span word="GDP">GDP</span> <span word="and">and</span> 80 <span word="percent">percent</span> <span word="of">of</span> <span word="jobs">jobs</span>, <span word="they">they</span> <span word="have">have</span> <span word="long">long</span> <span word="been">been</span> <span word="confronted">confronted</span> <span word="with">with</span> <span word="difficulties">difficulties</span> <span word="in">in</span> <span word="retaining">retaining</span> <span word="employees">employees</span> <span word="and">and</span> <span word="getting">getting</span> <span word="bank">bank</span> <span word="loans">loans</span>.</p>
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