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MNI BRIEF: China SME Index Down Slightly In May

MNI (BEIJING)
MNI (Beijing)

China’s SME development index reached 89.2 in May, down 0.2 points from April but higher than the 88.9 level seen in the same month last year, the China Association of Small and Medium Sized Enterprises said on Tuesday.

"Market expectations need to be restored as the overall level of economic activity has declined, with insufficient endogenous momentum and weakened market expectations," the association said in a press release.

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China’s SME development index reached 89.2 in May, down 0.2 points from April but higher than the 88.9 level seen in the same month last year, the China Association of Small and Medium Sized Enterprises said on Tuesday.

"Market expectations need to be restored as the overall level of economic activity has declined, with insufficient endogenous momentum and weakened market expectations," the association said in a press release.

Keep reading...Show less