China will have a stock exchange dedicated only to SME sector from October 23rd 2009. This speaks of China's dedication to provide boost to the infrastructure and growth of its economy and government's support to industries. We always try to compare India with China or India taking over China, but are we anywhere near to it ? If India is to compete with China in terms of growth, our SME sector will necessarily have to become more robust and competitive.
Source: Doing Business Report 2010
Where China is doing everything to boost the industries, we have not done anything as evident from the stats.
Though India is only next to China in tems of FDI Confidence but it is way behind in terms of 'Ease of Doing Business'. 
So for India to grow and compete with China, it has to overcome these bottlenecks and think ahead of China and provide boost to its industries by providing quick accesibility to funds and reducing clearnace time.
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