2018 World SME Conference, themed “mutual understanding, interconnection and sharing” was inaugurated on June 23, 2018. The conference was initiated and sponsored by China Association for Small & Medium Commercial Enterprises and attended by representatives throughout the world. The conference aimed to demonstrate the latest achievements of SMEs in China and called for in-depth discussion on the routes and prospects of SMEs in globalization in the context of fierce market competition, to provide Chinese solutions for SMEs to participate in project cooperation in countries along the Belt and Road.
Participants to 2018 World SME Conference highly recognize that the promotion and implementation of “Belt and Road” Initiative have received international attention and heated discussion, ever since it was first proposed by President Xi Jinping in 2013. Through the five years, SMEs, as the most active and innovative group in China, have become not only an important driving force of Chinese economic and social development, but also the indispensable participants in the cooperation projects in countries along the “Belt and Road”. Today, as economic globalization comes to a deeper level, SMEs have grown to be the main forces in international cooperation, and the most important sectors for global economic and trade cooperation.
According to Mr. Wang Qinmin, Vice Chairman of the 12th CPPCC; Former Chairman of All-China Federation of Industry and Commerce,SMEs are the most active group in innovation activities, as they can make quick and swift responses and adaption to new technologies in the international markets and provide products and services that are better customized to market demands. The relatively small size of SMEs make them flexible and agile in responding to market changes and in adapting themselves accordingly to the fast-change market conditions. Besides, Chinese SMEs are able to provide products in diverse types and are competitive in the markets, so a promising prospect can be expected for Chinese SMEs in countries along the “Belt and Road”. Supports should be given to SMEs to promote and facilitate the implementation of “Belt and Road” Initiatives through participating in local markets in the “Belt and Road” countries, which helps to play the roles of market in decision resources allocation and in realizing healthy interaction between the supply side and the demand side. Extensive participation of SMEs helps to amplify the benefits brought about by the “Belt and Road” countries and to enhance the civil connections between different nations. This will finally bring concrete benefits to the general public in these countries.
As pointed out by participants to this Conference, economic globalization is a nonreversible trend, because we are living in this “global village” where we are already inseparable from one another. Since the economies of all nations are relying on and acting on one another, with the benefits mixed up in common pursuits, cooperation and sharing have become the invincible trend. In this view, it is an unavoidable choice for SMEs to get interconnected in seeking common development. This Conference offers a valuable platform for the interconnection between SMEs from all countries. Participants join in talks on the principles of shared benefits, equal opportunities and mutual respects, and seek to find out an open and inclusive route of development, to achieve the sustainable development of SMEs throughout the world. Extensive and inviting discussions are made on new strategies in coping with bottleneck problems, and new approaches to improve global competitiveness. All parties share their vision for cooperation and mutual benefits, and undertake to coordinate and align their policies and plans to push the construction of a community of SMEs with shared prosperity.
Participants hope that the World SME Conference can play its roles as bridges in expanding and enlarging the cooperation fields of SMEs, to expedite practical participation in various forms and industries, so that it accelerates the growth of SMEs and contributes to the prosperity of world economy.