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Small companies have concerns like higher raw material prices, labor costs China will take a targeted approach to boost support for small and medium-sized enterprises amid downward pressure and uncertainties, officials said on Tuesday. Xu Xiaolan, vice-minister of industry and information technology, said at a news conference in Beijing that the ministry will step up relief for SMEs and strive to foster innovation-driven development, especially for companies with high growth potential, advanced technologies and strong competitive positions. Xu said that in light of the complicated and grim economic situation both at home and abroad, SMEs now face new problems and

Sport thriving at grassroots level as Texas city hosts world championships The World Table Tennis Championships began in Houston on Tuesday-the first time the event has been staged in the United States. And although Houston may seem like an unlikely host to many, grassroots participation in the sport is thriving in the Texas city, where the multicultural members of one ping-pong club say they look to China"s elite paddlers for inspiration. "I think American people are starting to play ping-pong more than before," said Dylan Nguyen, the owner of the Texas Table Tennis Training Center. "We have exactly 12 tables

German technology conglomerate Zeiss Group is looking to double its revenue in China by 2025-an ambitious goal to be bolstered by the alignment of the country"s macro agendas and the company's business portfolio, a senior executive said. Growth will be driven by all segments including providing components for the semiconductor, medical, industrial and consumer optic sectors, where China is already the largest single market by revenue outside its home turf, said Maximilian Foerst, president of Zeiss China. "If you look at the priorities of China's 14th Five-Year Plan (2021-25), you will see a very nice fit with the actual business