Hangzhou, Ningbo excel in development environment for SMEs
Hangzhou and Ningbo in East China's Zhejiang province both ranked among the top 10 cities in China in terms of development environment for small and medium-sized enterprises (SMEs), according to a recent report released by the Ministry of Industry and Information Technology.
The report evaluated 36 major cities from across the nation, including four municipalities, five cities with independent planning status, and 27 provincial capitals, based on factors such as market environment, policy support, innovation, availability of financing, and rule of law.
Hangzhou, which placed 6th on the list, was particularly strong in market environment and availability of financing, ranking third and fourth, respectively, among all the cities.
Ningbo, which placed 10th on the list, stood out for its market environment, availability of financing, and policy support, which all made the top 10.
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