SME performance improves in 2023

Small, medium-sized enterprises buoyed by series of supportive policy initiatives

Business performance of China's small and medium-sized enterprises improved in 2023 on the back of the gradual resumption of work and production after the COVID-19 pandemic, alongside a package of supportive policy measures, the latest data showed on Wednesday.

Analysts said the improvement indicates the steady recovery of business activity among SMEs after the COVID-19 shocks, adding to signs of further momentum.

China's Small and Medium Enterprises Development Index, based on a survey of 3,000 SMEs, averaged 89.2 in 2023, up from 88.4 in 2022, said the China Association of Small and Medium Enterprises.