China's SMEs Development Index dropped 0.2 points to 89.2 in May, signaling weakened confidence.
China's SMEs Development Index fell 0.2 points to 89.2 in May, based on a survey of 3,000 SMEs. Sub-indexes for labor force and business capital exceeded 100, while others were below, indicating weakened confidence and expectations. The China Association of Small and Medium Enterprises calls for support to the real economy, expanding domestic demand, and improving investment and financing channels.
June 11, 2024
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