China's SMEs development index rises by 0.2 points MoM to 89.1 in Jun

A reading below 100 indicates dented vitality in the survey of 3,000 SMEs.

Last month, the sub-indexes for industry, construction, transportation and storage increased, while those for wholesale and retail retreated from a month earlier, a state-controlled news outlet reported.

The confidence of SMEs in business development was reflected in the sub-index gauging sentiment towards the macro-economy, which edged up 0.1 points to reach 98.4 points in June, the association said.

High corporate costs and rising financial constraints are some of the challenges facing the SMEs. The association called for further expanding effective demand and improving the business environment.

ALCHEMPro News Desk (DS)