SMEs can get assistance from the government or banks

SMEs have a very important position in China economic growth, which can not be ignored by Chinese government. Now Chinese government and banks have turned their eyes on SMEs development, and gave out specific favorable policies and privilege measures to help SMEs. According to news resources, Premier Wen Jiabao said in his annual Government Work Report that China will extend credit support to enterprises this year, especially micro-sized and small companies that operate in line with industry policies and have market demand for their products. rnThe State Council said early in February that the government will provide a 15 billion yuan ($2.4 billion) fund and tax breaks for small companies in 2012. It is said that big financial organizations such as Bank of China Ltd and China Construction Bank, which usually lend to large enterprises, should allocate a portion of their annual lending to support small businesses. SMEs now may have difficulties in financing, or seeking orders from international buyers. In the past, SMEs experienced risks to get loans from private lending, which may generate high interest. IBUonline is a B2B platform, which also can provide small loans to SMEs to resolve their financial problems in short term. IBUonline has integrated logistic services, financial services, customs services to help SMEs complete foreign trade in one-stop mode, which is cost-efficient.