As economy rallies, SMEs recover in Q1
The vitality of China’s small and medium-sized enterprises improved in the first quarter of the year as the economy further recovered from the impact of COVID-19, as per the latest industry data.
The Small and Medium Enterprises Development Index, based on a survey of 3,000 SMEs, increased 0.5 points to 87.5 in the first quarter and hit its highest level since the same period of 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.
The macro-economy, financing, cost and labor force sub-indexes were all above 100 in the January-March period. Business confidence among SMEs was further restored, market expectations continued to improve, and cash strains were eased, the association said, citing China’s pro-SME measures such as targeted monetary policies from the central bank that lowered financing pressures.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.