What kinds of companies are thought of in China as being “small” or medium?
Definitions of what is meant by “small” companies are hard to come by, and certainly not standardized. For our purposes, based on our experience here, we will use as a rough and ready definition companies whose annual turnover is less than five million RMB (about EUR468,100) and which employs between 6 and 50 people.) There is virtually no definition of medium-sized enterprises – but a general rule of thumb is that what China calls “medium-sized companies” will be considered “large” in the US or Eureope.
