China’s Small and Medium Enterprises (SMEs) Development Index, based on a survey of 3,000 SMEs, edged up amid a steadily warming economy in June, industry data showed Monday.
The index, ending a streak of three consecutive months of decline, came in at 89.1 in June, up 0.2 points month on month, 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 below 100 indicates dented vitality.
Thanks to the country’s pro-growth measures, SMEs were more confident in business development.—Xinhua
