Four Departments Issue Special Three-Year Action Plan for Digital Empowerment of SMEs

On December 13, 2024, the Ministry of Industry and Information Technology, the Ministry of Finance, and two other departments issued the Special Action Plan for Digital Empowerment of SMEs (2025-2027) (the “Action Plan”), which came into effect on December 12, 2024.

The Action Plan proposes seven key tasks, including the in-depth implementation of the “Hundred Cities” pilot project, conducting classified and gradual digital transformation, promoting the integration and transformation of industrial clusters, driving innovation and empowerment through artificial intelligence, deeply activating the value of data elements for SMEs, enhancing the quality and efficiency of digital transformation supply, and improving public service capabilities for digital transformation. The Action Plan proposes to encourage SMEs to intensify their entrepreneurial and innovative efforts in digital fields such as 5G, artificial intelligence, industrial software, and industrial internet platforms, with a focus on cultivating a group of specialized, refined, and innovative SMEs and “Little Giant” enterprises.