China’s SME Development Index reached 88.8 points in August, down 0.1 points from July, according to the Association of Small and Medium-sized Enterprises. Ma Bin, vice president at the association, said heavy rainfall and high temperatures, as well as lower economic activity, impacted SMEs. Wu Dan, a researcher at Bank of China, said the results showed economic development was undergoing transformation, but noted indices for accommodation, catering and retail industries had increased. (Source: Securities Daily)