Small, medium firms put up steady Q2 performance

China's Small and Medium Enterprises Development Index stood at 89.4 in the second quarter, with a steady recovery of the private sector during the period.

The China Association of Small and Medium Enterprises said on Tuesday that the index, which is generated based on the performance and expectations of 3,000 SMEs, remained at the same level of 2023, and is higher than that of 2022 during the COVID-19 pandemic.

Specifically, the subindex for social services edged up 0.2 point in the second quarter compared with the first quarter. Orders, sales and profits among social service providers all saw a rebound during the period.