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Under the framework of the Forum on China-Africa Coop

operation and the BRICS cooperation mechanism, the joint hosting of the event is seen further pro

moting practical partnerships between China and South Africa in industry, trade and economics.

上海419论坛上海品茶South Africa’s Minister of Small Business Development, Lindiwe Z

ulu, said her country’s participation in the fair was a tribute to its entrepreneurs who lobbied hard.

“It is a significant milestone in our collective journey towards building a nation of entrepreneurs,” she added.

brace of seminars and summits focusing on the key problems small and medium-sized enterpr

ises face have attracted global officials, leading economists and entrepreneurs to exchan上海419论坛

ge their views at the 14th China International Small and Medium Enterprise Fair.

The significant event is being held in Guangzhou, capital of Guangdong province in southern China, beginning from Oct 10.上海419论坛

One of its highlights is an Asia-Europe Meeting seminar focusing on multi-dimensional support for financing SMEs.

ASEM is an organization established in 1996 to foster cooperation between the two continents – and facilitate international dialogue.

上海419论坛上海品茶Its first summit was held in March 1996 in Bangkok, by European Union and ASEAN members, and the individual nations of China, Japan, and South Korea

“SMEs have become a pillar for the economic development of Asian and European countries and are their most innovative and dynamic enterprise group,” Zhang Feng, Party committee member and chief engineer of the Ministry of Industry and Information Technology, said at the seminar.

SMEs account for 99 percent of China’s total number of enterprises. They contribute 60 perc上海419论坛上海品茶ent to the nation’s GDP, 50 percent of its tax revenues and 80 percent of the total number of jobs.

To solve the difficulties in SME financing, China’s government set up上海419论坛上海品茶

a 60 billion yuan ($9.1 billion) development fund to support startups, Zhang said.

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