A worker (right) of an auto-part SME answers queries from bank employees on production at a facility in Jinhua, Zhejiang province in March 2020. (PHOTO BY LI JIANLIN / FOR CHINA DAILY)
BEIJING – China's small and medium-sized enterprises continued their recovery momentum in August, as a package of government policies to stabilize the economy took effect, an industry index showed.
The Small and Medium Enterprises Development Index, calculated based on a survey of 3,000 SMEs, came in at 88.3 last month, same as the level registered in July, said the China Association of Small and Medium Enterprises.
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The index contains multiple sub-indexes to gauge the performances and expectations of SMEs.
The sub-index for accommodation and catering went up 0.3 points in August, marking the most significant increase among all sectors tracked. The sub-index for industry went up 0.1 points, reversing a decline seen in July.