Did you know that the majority of businesses driving the global economy are micro, small, and medium-sized enterprises (MSMEs)? 🙌 According to Matthew Wilson, chairman of the World Trade Organization's Informal Working Group on MSMEs, these enterprises account for more than 90% of businesses worldwide! 🌎
Speaking at the China International Supply Chain Expo, Wilson highlighted how MSMEs are not just the backbone of the global economy but also key players in innovation, local economic growth, and social inclusion. 🏗️💡
China, for instance, is home to over 52 million MSMEs! 🇨🇳 That's a massive force contributing around 60% of the country's GDP and making up 68% of its exports. 🛍️✈️ That's like having millions of entrepreneurial superheroes boosting the economy every day! 🦸♀️🦸♂️
It's clear that MSMEs play a pivotal role in connecting local markets to the global stage. Whether it's your favorite local café ☕, a family-run tech startup 💻, or a small fashion boutique 👗, these businesses are making waves globally. So next time you shop local, remember you're part of a bigger picture supporting economic growth worldwide! 🌍❤️
Reference(s):
cgtn.com
