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MNI BRIEF: China July SME Index Stabilises

MNI (Beijing)

China’s SME development index reached 88.9 in July, unchanged from June and reversing the downward trend since April’s yearly high of 89.4, data from the China Association of Small and Medium-sized Enterprises showed on Friday.

The macroeconomic perception, construction and real estate sub-indexes increased by 0.1 points, offset by a 0.1 point fall from the retail sector.

Beijing will likely tilt its support towards consumption in H2 and could issue consumer coupons or other measures that offer subsidies to lower-income households to ensure the economy meets its “around 5%” growth target, advisors and economists recently told MNI. (See MNI: Beijing Shifts Focus To Consumption To Boost H2 GDP)
MNI Beijing Bureau | lewis.porylo@marketnews.com
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
MNI Beijing Bureau | lewis.porylo@marketnews.com
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion

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