MNI BRIEF: China SME Index Up In January
MNI (BEIJING) - China’s Small and Medium-Sized Enterprise Development Index reached 89.0 in January, up 0.1 points from December, according to the China Association of Small and Medium Size Enterprises on Tuesday.
The macroeconomic sentiment sub-index reached 98.7, up 0.4 points from the previous month, the Association said.
Sub-indices for manufacturing, transportation, real estate, wholesale and retail, social services, and information software turned from a decline to an increase, while the construction and accommodation industries continued to fall.
China's manufacturers would be able to raise prices in the U.S. to compensate for the effect on their profits of a 10% tariff without a significant impact on sales, Chinese policy advisors recently told MNI. (See MNI: Chinese Firms To Raise U.S. Prices If 10% Tariff Imposed)