BUSINESS Chinese SMEs continue recovery momentum

BUSINESS

Chinese SMEs continue recovery momentum

China Daily

16:42, September 12, 2022

A staff member works on the production line of a semiconductor manufacturer in Binzhou, Shandong province. [Photo: China Daily]

BEIJING -- China's small and medium-sized enterprises (SMEs) continued their recovery momentum in August, as a package of government policies to stabilize the economy took effect, an industry index showed.

The Small and Medium Enterprises Development Index, calculated based on a survey of 3,000 SMEs, came in at 88.3 last month, same as the level registered in July, said the China Association of Small and Medium Enterprises.

The index contains multiple sub-indexes to gauge the performances and expectations of SMEs.

The sub-index for accommodation and catering went up 0.3 points in August, marking the most significant increase among all sectors tracked. The sub-index for industry went up 0.1 points, reversing a decline seen in July.

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