China’s small and medium-sized enterprises (SMEs) reported stronger business performance in the first three months of this year, an industry index showed.
The Small and Medium Enterprises Development Index, based on a survey of 3,000 SMEs from eight major industries, came in at 89.3 in the first quarter, up 0.2 points from the previous quarter, the China Association of Small and Medium Enterprises said.
The index rebound was a result of accelerated production after the Spring Festival, as well as increased economic momentum boosted by a raft of policies after the “two sessions,” the association said in a report.—Xinhua
