December 30, 2011, the Ministry of Industry and Information Technology jointly with the Bank of Communications signed a "strategic cooperation agreement financial services for small and medium sized enterprises", Miao Wei, the minister of Ministry of Industry and Information Technology, said that in 2012, China will introduce a package of policy measures to support small and medium sized enterprises, and to carry out "service for SMEs' activities, focusing on innovative, labor-intensive, Small & Medium Enterprises, especially small micro- enterprises development, to strengthen guidance and improve services, promote small and medium enterprise development environment to optimize."
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