BUSINESS China's SMEs Development Index rebounds in February

BUSINESS

China's SMEs Development Index rebounds in February

Xinhua

17:29, March 13, 2021

BEIJING, March 13 (Xinhua) -- The Small and Medium Enterprises (SMEs) Development Index, based on a survey of 3,000 SMEs, rebounded in February, the latest industry data showed.

File Photo: CGTN

The index came in at 87.5, up 0.5 points month on month, the highest since February last year, according to the China Association of Small and Medium Enterprises.

The index contains multiple sub-indexes to gauge the performances and expectations of SMEs. A reading above 100 reflects an upward trend in business while a reading below 100 indicates dented vitality.

Last month, the sub-indexes for the sentiment on the macroeconomy, operating cost, financing and labor force increased and remained above 100.

Sub-indexes gauging sentiment in different sectors rebounded from the previous month but remained below 100. The sub-indexes on real estate and accommodation and catering rose 0.4 points and 0.7 points, respectively.

The sub-indexes on eastern, central and western regions went up, while the sub-index on northeast China went down.

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