Backing David against Goliath: Creating China’s future business

By any measure, China’s huge army of small and medium enterprises (SMEs) plays a crucial and irreplaceable role in the continuing story of the country’s explosive economic growth. Official government figures show that SMEs are responsible for 80 percent of the country’s urban employment, generate more than 60 percent of its GDP, and contribute more than 50 percent of all tax income paid to the exchequer.