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Ningbo excels in development environment for SMEs

chinadaily.com.cn| Updated:  April 1, 2021 L M S

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A view of Ningbo, East China's Zhejiang proivnce. [Photo/IC]

Ningbo in East China's Zhejiang province was ranked among the top 10 cities in China in terms of development environment for small and medium-sized enterprises (SMEs), according to a recent report released by the Ministry of Industry and Information Technology.

The report evaluated 36 major cities from across the nation,  including four municipalities directly under the central government, five municipalities with independent planning status and 27 provincial capitals, based on factors such as market environment, policy, innovation, financing and rule of law.

Ningbo was ranked high in market environment, financing environment and policy environment.

The city's measures in innovating financing services and improving the government's response to enterprises' demands are worth promoting across the nation, the report noted.

In September, Ningbo launched the 8178 public service platform for enterprises in the Ningbo Free Trade Zone. The platform is the nation's first government-led enterprise service platform operated in accordance with market forces.

Presently, a comprehensive enterprise service network with the 8178 platform as its core has been constructed in the city, with its services reaching more than 300,000 businesses.

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