China SMEs: 4.3 Billion Taxpayers
Aggregated Source: Catching Mice in ChinaPeople’s Daily reports:
China’s registered small- and medium-sized enterprises (SMEs) have exceeded 4.3 million and contributed to 58.5 percent of gross domestic production, according to the SMEs association.
The 4.3 million SMEs, more than 95 percent of which are privately owned, contributed to 50.2 percent the country’s total tax revenue, said China Association of Small and Medium Enterprises Chairman Li Zibin.
I’m not sure if this number is small or large, I really don’t have a reference point.
If they do indeed contribute 58.5% of GDP, that’s great news for the diversification of China’s economy. Sounds like they could use better accountants, though.
The association’s English web site can be found here. Their Chinese site has much more information.
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