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Innovation is main drive for SMEs: Forbes
(Xinhua)
Updated: 2006-01-16 15:50
Sustained innovation has become an important guarantee for the development of
China's small and medium-sized enterprises (SMEs) in the country's market
economy, according to a Forbes survey.
The results of the survey are disclosed by the magazine's Chinese edition in
a list of China's top 100 SMEs with great development potentials.
Beijing-based watchdata company ranked the top of the list prepared by the
magazine in 2005.
Zhou Peng, editor in chief of Forbes Chinese, said the list not only
showcases the current state of development of China's SMEs, but also analyzes
the key factors of their development.
The magazine made the list through its survey of more than 8,000 small and
medium-sized enterprises whose main business is in China's mainland and each
with a yearly sales revenue of less than 650 million yuan (81.3 million U.S.
dollars).
The survey finds out that innovation is the most important drive for the
healthy and rapid growth of the SMEs.
To many small and medium enterprises, innovation is the only way for their
survival, Frobes said.
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