China to give further support to small, micro-sized firms

 　　BEIJING, Feb. 1 (Xinhua) -- China's State Council, or the Cabinet, on Wednesday called for more efforts to support the sound development of small and micro-sized enterprises.

　　"Small and micro-sized firms serve as a significant channel for creating jobs, a major platform for the growth of entrepreneurship, and an important force of scientific innovation," according to a statement released Wednesday after a State Council executive meeting presided over by Premier¹ Wen Jiabao.

　　Further supports for small and micro enterprises are crucial as they are still facing great operating pressures, rising costs and financing difficulties, the statement said.

　　China's central government will earmark 15 billion yuan (2.38 billion U.S. dollars) to establish a development fund for small and medium-sized enterprises, particularly focusing on newly-formed ones.

　　The country will strive to relieve the financing difficulty of those small companies, the statement said.

　　It will establish an evaluation² system to provide incentives³ for commercial banks offering credit to small firms, and support qualified⁴ banks to issue financial bonds to get funds to lend to those firms.

　　The development of small financial institutions will be accelerated, and the country will relax restrictions⁵ on the usage of private capital, foreign capital and funds from international organizations in setting up small financial institutions.

　　The country is also going to support small and micro-sized firms to seek financing by becoming listed on the stock market, the statement said.

　　"The central government will expand the fund for technology upgrading and give its priority on supporting small and micro-sized firms to apply new technologies, new techniques and equipment," it said.

　　The government will encourage the opening of small enterprises by supporting 3,000 bases for incubating small business.

1 premier   

adj.首要的；n.总理，首相

参考例句：

• The Irish Premier is paying an official visit to Britain.爱尔兰总理正在对英国进行正式访问。
• He requested that the premier grant him an internview.他要求那位总理接见他一次。

2 evaluation   

n.估价，评价；赋值

参考例句：

• I attempted an honest evaluation of my own life.我试图如实地评价我自己的一生。
• The new scheme is still under evaluation.新方案还在评估阶段。

3 incentives   

激励某人做某事的事物( incentive的名词复数 )； 刺激； 诱因； 动机

参考例句：

• tax incentives to encourage savings 鼓励储蓄的税收措施
• Furthermore, subsidies provide incentives only for investments in equipment. 更有甚者，提供津贴仅是为鼓励增添设备的投资。 来自英汉非文学 - 环境法 - 环境法

4 qualified   

adj.合格的，有资格的，胜任的，有限制的

参考例句：

• He is qualified as a complete man of letters.他有资格当真正的文学家。
• We must note that we still lack qualified specialists.我们必须看到我们还缺乏有资质的专家。

5 restrictions   

约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）

参考例句：

• I found the restrictions irksome. 我对那些限制感到很烦。
• a snaggle of restrictions 杂乱无章的种种限制