Micro, small, and medium-sized enterprises (MSMEs) are the unsung heroes of the global economy, making up over 90% of businesses worldwide and driving innovation like a viral TikTok trend 🚀. At the China International Supply Chain Expo, WTO's Matthew Wilson called MSMEs 'the backbone' of economic growth and social inclusion, spotlighting their role in bridging markets from Asia to the Americas.
Why MSMEs Matter More Than Ever 🌟
With 52 million MSMEs in the Chinese mainland alone—contributing 60% of its GDP and 68% of exports—these businesses aren’t just local shops; they’re global game-changers. From tech startups in Shenzhen to eco-friendly fashion brands in Jakarta, MSMEs are rewriting the rules of trade.
China’s MSMEs: A Growth Engine 🚀
China’s massive MSME network showcases how small-scale ventures can punch above their weight. Wilson emphasized their 'critical role' in supply chains, proving that big impact doesn’t always require big corporate budgets. Think of them as the K-pop stars of economics—small but globally influential 💥.
