The outline of the "14^th Five-year Plan" proposes to promote small and medium-sized enterprises to enhance their specialization advantages, and to cultivate specialized and sophisticated enterprises that produce new and unique products, "little giants" (typically specialize in niche sectors, command high market shares and boast strong innovative capacity), and single champion enterprises in manufacturing.

This year's Government Work Report states that China will work to nurture specialized and sophisticated enterprises that produce new and unique products, and provide them with more support in terms of funding, personnel, and development of business incubation platforms. China aims to nurture 1 million innovative SMEs, 100,000 specialized and sophisticated enterprises that produce new and unique products, and 10,000 "little giants" from 2021 to 2025, amid an ambitious plan to trigger the vitality of SMEs in its sprawling industrial economy.

Source: CHINA TEXTILE LEADER Express