China Vows To Support Digitalisation Of 4,000-6,000 Small Firms By 2025.

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China will support around 300 service platforms to help with the digital transformation of 4,000-6,000 small- and medium-sized enterprises till 2025, the country’s industry and information technology ministry and finance ministry said.

“From 2022 to 2025, the central government plans to support local governments to carry out digital transformation pilots; for small and medium-sized enterprises,” the ministries said in a joint statement.

In 2022 alone, the central government plans to support about 100 service platforms with incentives to speed up the digitalisation of firms. Each platform should help with least 10 firms to complete their digital transformation; and the maximum reward for each platform shall not exceed 6 million yuan ($885,373.63), according to the statement.

The programme will target firms in key industries such as manufacture of automobile parts; electronic equipment and pharmaceutical and chemical products, the statement said.

Reuters.

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