specialized and sophisticated enterprises that produce new and unique products

China is moving to incubate its fifth batch of "little giant" firms to provide stronger support for the real economy. The country will strive to ensure the number of the "little giant" firms exceeds 10,000 by the end of 2023, according to a notice released by the Ministry of Industry and Information Technology.
Small and medium-sized enterprises (SMEs) are important to each household and have been a vital force to advance innovation, facilitate employment and improve people's livelihood. I hope that the specialized and sophisticated SMEs that produce novel and unique products could focus on and refine their main business so as to play an even more important role in stabilizing the industrial and supply chains and promoting economic and social development.
In pursuing economic growth, we must continue to focus on the real economy. We will advance new industrialization and move faster to boost China’s strength in manufacturing, product quality, aerospace, transportation, cyberspace, and digital development. We will carry out industrial foundation reengineering projects and research projects on major technologies and equipment; support enterprises that use special and sophisticated technologies to produce novel and unique products; and move the manufacturing sector toward higher-end, smarter, and greener production.