Continue improving policy environment for SMEs

According to the Ministry of Industry and Information Technology, the small- and medium-sized enterprise operating index was 50.7 in October, expanding for six consecutive months.

Additionally, China Association of Small and Medium Enterprises data indicate that the SME Development Index for October stood at 89, a rise of 0.3 percentage points from that in September, marking the largest increase since March 2023. Also, another nationwide official survey revealed that companies operating at full capacity accounted for 40.2 percent of the total, an increase of 4.4 percentage points from the month before.

China has introduced a package of incremental policies to boost market demand to help the SMEs overcome their difficulties.