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China's SME Development Index rose in Q1, driven by holiday spending and policy support.
China's small and medium-sized enterprises (SMEs) showed improved performance in Q1, with the SME Development Index rising to 89.5, up 0.5 points from the previous quarter.
The improvement is attributed to increased holiday spending and better policy support.
While sectors like industry, social services, and retail saw growth, real estate and catering continued to struggle.
The association suggests boosting demand and consumption to foster further growth.
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El Índice de Desarrollo de las PYME de China aumentó en el primer trimestre, impulsado por el gasto en vacaciones y el apoyo a las políticas.