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CHINA PRESS: China SME Index Down In August

CHINA PRESS

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)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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