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MNI BRIEF: China SME Index Up In June

MNI (Beijing)

China’s small- and medium-sized enterprises reported a slight business sentiment improvement in June, as measures to promote recovery continue to take effect, a leading industry body said Monday.

China's SME development index reached 89.1 in June up from May’s 88.9, ending three consecutive months of decline, but remained below the 100 mark which indicates prosperity, according to the China Association of Small and Medium-Sized enterprises. The association said the industrial and construction sectors showed positive trends, offset by declines in the service industry.

A policy advisor to the National Development and Reform Commission recently told MNI Beijing plans more support to stabilise the economic rebound in H2 (see: MNI INTERVIEW: China Stimulus To Boost Economy In H2 - Bonds & Currency News | Market News).
MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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