China Unveils Plan to Support Little Giants
China has released a five-year plan to support small emerging companies known as little giants. The strategy aims to drive job creation and technological independence through increased funding and R&D.
China unveiled a five-year development blueprint on Thursday to support small and medium-sized enterprises, aiming to expand its base of specialized "little giants" to 22,000 firms. The initiative targets employment growth and technological self-sufficiency across strategic industrial sectors. The policy arrives amid technological friction with the United States as Beijing prioritizes supply-chain resilience.
