China’s small and medium-sized enterprises (SMEs) reported an improvement in business performance in January, an industry index showed Wednesday.
The Small and Medium Enterprises Development Index, based on a survey of 3,000 SMEs from eight major industries, came in at 89.2 last month, up from 89 in the previous month and higher than the reading of a year earlier, according to the China Association of Small and Medium Enterprises.
The increase was a result of accelerated production at the beginning of the year and warming consumer demand ahead of the Spring Festival, the association said in a report.—APP
