Yiwu, Zhejiang province, will host the eighth APEC Small and Mid-sized Enterprises Technology Conference and Fair in June, government officials said.

The Asia-Pacific Economic Cooperation fair will help Yiwu, the world's largest market for small commodities, to better serve buyers, said Hong Jianwen, deputy mayor.

The fair will set up 1,200 exhibition booths covering exhibitors from electronic appliances, high-end manufacturing, e-commerce and smart logistics sectors.

Zhejiang has more than 3.5 million privately owned SMEs as of 2013.

"SMEs are the drivers of China's economy, and the government will continue to support their development," said Zheng Xin, head of the SME department of the Ministry of Industry and Information and Technology.

SMEs contribute more than 60 percent of the nation's GDP and 80 percent of the jobs in China.

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