SMEs face challenges and opportunities

It is said that the mainland would overtake the United States as the world's largest consumer market by 2039.

Hong Kong had been a window for the mainland to look outward during China's 30-year reform period to 2009.

In the next 30 years, Hong Kong will be the window looking inward.

The mainland believes in the theory that by lifting wages at an annual rate of 13 per cent and putting more money into the pockets of workers, consumption power will rise and hence boost the creation of a domestic consumer market.

The annual wage rise Beijing stipulated between 2010 and 2015, however, ate into the nation's reputation as the factory of the world.

Smartphone maker HTC-VIA chairwoma
Cher Wang, who with her husband Chen Wen-chi were rated by Forbes as the richest couple in Taiwan, said at the summit that entrepreneurs should start off their businesses with passion and enjoy what they are doing.

It is said that many find it hard to keep going, but humility was important and also the ability to learn from mistakes

SMEs in China created many job opportunities and SMEs also bear great pressure. SMEs are trying to developing overseas markets.

IBUonline is a B2B platform, which aimed on helping SMEs to develop foreign trade business. Specific products can be entrusted to IBUonline for foreign trade development with commission fees.