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Jiaxing in East China's Zhejiang province recently released a three-year plan to support the development of small and micro-sized companies, local media reported on Sept 9.

From 2021 to 2023, the city is expected to house an additional 67,762 such companies, including 6,754 that were transformed from individual businesses, and more than 150 industrial parks for small and micro-sized companies, where 2,000 companies will being operating.

By the end of 2023, Jiaxing will issue an additional 100 billion yuan ($15.48 billion) in loans for these companies, including 80 billion yuan in credit loans.

The city will provide 6,000 research facilities for small and micro-sized companies and 3,000 orders of testing service each year free of charge.

During these three years, Jiaxing is expected to train more than 30,000 employees for these companies as well as offer training to more than 200 small and micro-sized companies in measurement management system and commercial secret protection.