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"Better and cheaper access to bank finance has allowed large enterprises to continue to pursue their expansion plans and new business, while SMEs are being squeezed by the credit squeeze and high costs of finance," according to Biswas.

Statistics from the NCSSF, which manages the country's fiscal allocation of security funds, showed that it has managed to garner an average annual return of 8.41 percent since its establishment in 2000.

Economic cooperation will remain to be the priority in the development of cross-Strait relations in 2012, while cross-Strait exchanges in culture and education will be expanded, in a bid to boost mutual understanding between the two sides, Wang told participants at a gala.

Bao Yujun, president of All-China Private Enterprise Federation, said uncertainty over external demand and slower economic growth made it necessary for the government to rely more on private sector.

According to earlier data released by the central bank, China's overall cross-border trade settlement in yuan under the current account hit 2.58 trillion yuan (409 billion U.S. dollars) by the end of 2011 since the scheme was launched.