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China SME Confidence Improves for Third Month: News

CHINA PRESS
MNI (Singapore)

Confidence of China’s small businesses in their development prospect rose for a third month as the government drums up pro-growth policies, the Shanghai Securities News reported citing an index by the China Association of SMEs, which in January rose 0.2 percentage point to 89.4. More SMEs are also more confident about the macroeconomy as the central government laid out this year's pro-growth policy leaning, the newspaper said. However, SMEs are still hindered by a lack of liquidity and financing due to slow payments and rising payables, it said.

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