Hey there! Have you heard the exciting news from China? 🌟 This year, China is planning to give a big boost to cool high-tech companies, especially the small and medium-sized ones. But wait, what’s a high-tech company?
High-tech companies are businesses that use the latest technology to make awesome products or services, like robots, apps, or electric cars! 🚗📱🤖
China’s government wants to help these companies grow faster. They’re focusing on two special kinds of companies: “unicorns” and “gazelle companies.” 🦄🦌
What’s a Unicorn Company? 🦄
A “unicorn” in the business world is a private company that is worth over $1 billion! That’s a lot of money, right? These companies are super rare and special, just like unicorns in fairy tales. 🌈
And What About Gazelle Companies? 🦌
“Gazelle companies” are fast-growing businesses that are quick and nimble, just like gazelles running across the grasslands. They grow their revenue by at least 20% every year for four years or more! That’s speedy growth! 🚀
The government also wants to encourage people to invest money in big projects that help the whole country, like building bridges, roads, and schools. 🏗️🏫
Why Is This Important? 🤔
By supporting these companies and projects, China hopes to make its economy stronger and create more jobs. This means more cool inventions and technologies for everyone! Maybe one day, you’ll use an app or gadget made by one of these companies. How awesome would that be? 🎉
Expert’s Thoughts 💡
Raymond Yeung, an expert economist from a big bank in Australia called ANZ, says these plans can make a big difference. By helping small and medium-sized companies, China’s economy can become more innovative and exciting! 🏦🌟
So keep an eye out for new tech and inventions coming from China. Who knows, maybe you’ll be inspired to start your own amazing company one day! 💻💡
Reference(s):
ANZ Chief Greater China Economist: China boosts economic confidence
cgtn.com
