China's SMEs see slight decline in May business activities

In May, the sub-indexes for labour force and business capital were both above 100, indicating positive conditions in these areas. However, sub-indexes reflecting sentiment on the macroeconomy, overall business operations, market conditions, investment, and earning performance all remained below 100.

The association highlighted that development confidence and market expectations among China’s SMEs have yet to see significant improvement. The index is derived from a survey of 3,000 SMEs across China. The survey revealed that these enterprises are grappling with decreasing demand and high operating costs, according to Chinese media reports.

ALCHEMPro News Desk (DP)