Beijing pledges support for “little giant” firms
January 13, 2026
China’s industry regulator has pledged to provide more fiscal support for small-scale innovative firms in specialised industries, reports the South China Morning Post. The support for firms referred to as the country’s “little giants” are part of a range of measures designed to boost the country’s technological self-reliance and upgrade key industries.
Li Lecheng, the head of China’s Ministry of Industry and Information Technology, said that central authorities would implement a fresh round of fiscal support policies for small and medium-sized firms that lead the way in niche industries to “further strengthen enterprises as the core driver of technological innovation”.
According to Li, China will place a particular emphasis on developing future industries such as quantum technology, humanoid robots, brain-computer interfaces, deep-sea and polar exploration and 6G wireless internet, while revitalising traditional industries and accelerating progress in emerging industries.