China's small and medium-sized enterprises (SMEs) are bouncing back! 🌟 New data shows their business performance improved in January, fueled by holiday demand and government support. The SME Development Index hit 89.2 last month—higher than both December and last year’s figures—as companies ramped up production ahead of the Lunar New Year 🎉.
Over 3,000 SMEs across eight industries reported boosted confidence in the economy (sub-index up to 98.8 💪), with consumer spending heating up for Spring Festival. Market vitality also rose to 81.2, thanks to stronger domestic demand. But it’s not all smooth sailing: SMEs still face high costs despite brighter sales. 🚀
Pro-growth policies are helping stabilize the sector, but analysts say the road ahead needs more innovation to keep this momentum. 📊 Remember: An index above 100 signals growth, so there’s still room to climb!
