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BEIJING， Nov. 9 (Xinhua) -- As small- and medium-sized enterprises (SMEs) enjoy many advantages and could tap great economic potential， both Chinese and Russian prime ministers called for more cooperation between the two countries' SMEs to create new sources of growth.


During Chinese Premier Li Keqiang's official visit to Russia this month， where he also attended the 21st China-Russia Prime Ministers' Regular Meeting， Li and his Russian counterpart， Dmitry Medvedev， simultaneously attached importance to enhancing SMEs cooperation.


The premier pointed to SMEs and innovation in particular as the areas where the two countries should step up efforts to exploit new potential besides major strategic projects.


To respond to Li's calling， Medvedev said the two countries would make more efforts to boost cooperation in SMEs' innovation， while actively conducting cooperation in major projects in the areas of oil and gas and nuclear energy.


In fact， the trade volume between the two countries fell a bit in 2015， mainly due to sinking prices of commodities， which were usually traded through large enterprises.


SMEs， which are relatively not sensitive to commodity prices， could not only create more jobs， but also provide complementarity for large enterprises to reduce their costs， so as to better boost their cooperation.


Besides， SMEs are more flexible， allowing them more accurately to sense market need and carry out cooperation more on the basis of business principles.


Furthermore， if SME cooperation， featuring more people-to-people exchanges， goes well， the foundation of economic cooperation between two countries can be expanded， which， in turn， enlarges nongovernmental exchanges.


Su Xiaohui， research fellow at China Institute of International Studies， said it is notable that the two countries' premiers have agreed to exploit potential in SME cooperation to energize innovation cooperation and increase employment， besides traditional cooperation in energy and major projects.


China and Russia have deep cooperation in political area， she said， adding more cooperation space in economy is expected.


In fact， Li has also talked about SME cooperation with other heads of governments， including Germany and South Korea， to serve China's domestic policy of mass entrepreneurship and innovation.


In the context of fragile world economic recovery and slowing global trade growth， China and Russia should further give full play to their complementary advantages， so as to add new vitality to each other's development， revitalization， and economic transformation and upgrade， Li said.






WELLINGTON， Nov. 4 (Xinhua) -- The thriving tourism sector and a recent rebound in dairy prices have boosted business confidence in New Zealand， according to a survey by an independent economic think-tank on Friday.


A net 26 percent of firms expected improved economic conditions over the coming months， particularly in dairy-intensive regions， according to the Quarterly Survey of Business Opinion from the New Zealand Institute of Economic Research (NZIER).


But confidence remained strongest in tourism-intensive regions， NZIER senior economist Christina Leung said in a statement.


"Firms are also expecting a strong lift in demand in their own business， with a net 32 percent expecting an improvement in own trading activity over the next quarter， the highest level since mid-2014，" said Leung.


Confidence in the building sector had been boosted by a strong pipeline of residential and commercial construction work.


"Rapid population growth has boosted demand for housing and new office buildings， and firms expect a further ramp-up in building activity over the next few years，" she said.


Despite the high levels of activity， capacity utilization and pricing indicators in the building sector had eased.


Hiring over the past quarter had also eased， in contrast to the surge in hiring intentions for the next quarter.


A net 27 percent of firms were looking to increase headcount in the next quarter， the highest level for 43 years.


Firms report increased difficulty in finding labor， and this might have limited the extent to which firms could increase headcount over the past quarter.


The difficulty in finding labor was particularly acute for skilled labor， with shortages at levels not seen since December 2007.

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