China's SMEs see strongest growth of 2024 in October

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class="cg-detail-left J_detail-left" > <div class="js-share-title J_translate-main"> <div class="m-top-title news-top-title"> <h1 class="news-title">China's SMEs see strongest growth of 2024 in October</h1> <div class="news-date-wrapper"> <div class="news-date-left"> <div class="news-section-date news-text"> <span class="section"> China </span> <span class="dot"></span> <span class="date"> 21:05, 11-Nov-2024 </span> </div> <div class="news-author-updtime"> <p class="J_news-statistics news-author-name "> CGTN </p> </div> <div class="location J_location none"> <img src="https://ui.cgtn.com/static/public/images/icon/earth@2x.png" /> <span class="text"></span> </div> </div> <div class="news-share-wrapper"> <a href="javascript:;" class="news-share-icon J_news-share-icon cur-ele"> <span class="share-title cur-ele">Share</span> </a> <div class="share-icon share-icon-lists J_share-icon-lists cur-ele"> <div class="tr-trangel cur-ele"></div> <div class="share-banner"> <a class="fb" href="#" 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share_title="China's SMEs see strongest growth of 2024 in October"><img src="https://ui.cgtn.com/static/public/images/share_icon/mail@3x.png"/></a> <a class="J_copyBtn" href="javascript:void(0);" share_title="China's SMEs see strongest growth of 2024 in October"><img src="https://ui.cgtn.com/static/public/images/share_icon/copy@3x.png" class="cur-ele"/></a> <p class="copy-tips J_copyTips">Copied</p> <div style="clear: both"></div> </div> </div> </div> </div> </div> </div> <div class="cg-detail-line"></div> <div class="cg2023_liveblog_comment"> <div id="cmsMainContent" class="m-content" data-id="1yrIbMUVCwM" data-mapiurl=https://api.cgtn.com/app data-url="//ui.cgtn.com/ui/cgtn_app_v6"> <div class="cmsImage"> <img src="https://news.cgtn.com/news/2024-11-11/China-s-SMEs-see-strongest-growth-of-2024-in-October-1yrIbMUVCwM/img/726e5da0034c4cdf91413e77306cdcf2/726e5da0034c4cdf91413e77306cdcf2.png" alt="An intelligent production workshop at an SME in Changle District, Fuzhou City, southeast China's Fujian Province, September 20, 2024. /CFP" layout="responsive" /> <div class="imageCaption"> <div class="title visibility-hide" >An intelligent production workshop at an SME in Changle District, Fuzhou City, southeast China's Fujian Province, September 20, 2024. /CFP</div> <div class="wrapper-visible" > <p class="title">An intelligent production workshop at an SME in Changle District, Fuzhou City, southeast China's Fujian Province, September 20, 2024. /CFP</p> </div> </div> </div> <div class="text en"><p>China's small and medium-sized enterprises (SMEs) reported improved business performance in October, with an industry index measuring their activity posting its largest increase of the year.</p><p>The Small and Medium Enterprises Development Index, based on a survey of 3,000 SMEs across eight major industries, reached 89 last month – 0.3 points higher than in September, according to a report from the China Association of Small and Medium Enterprises.</p><p>This growth rate marked the largest increase this year and the highest since March 2023, the association reported.</p><p>Sub-indexes showed overall improvement last month. Boosted by supportive policies, the sub-index measuring SMEs' confidence in the macroeconomy rose to 98.8, up from 98.2 in the previous month.</p><p>The sub-index for industrial production continued its upward trend, while those for the construction, transportation, real estate, social services, accommodation and catering sectors reversed declines from the previous month and showed expansion.</p><p>The index includes multiple sub-indexes to gauge SME performance and expectations. A reading above 100 reflects an upward trend in business, while a reading below 100 indicates diminished vitality.</p></div> <div class="sourceTextDiv"> Source(s): Xinhua News Agency </div> </div> <div class="comment_con comment_con1yrIbMUVCwM" id='J-liveblog-pc-commentInfo' name='comment_content' data-id="1yrIbMUVCwM" data-domain="https://www.cgtn.com"> <iframe id='commentPageIdInfo' width='100%' height='100%' src='' scrolling='no' ></iframe> </div> <div class="comment_con2 comment_con21yrIbMUVCwM"' id='J-liveblog-pc-commentList' data-id="1yrIbMUVCwM"> <iframe id='commentPageIdList' width='100%' height='100%' src='' ></iframe> </div> </div> </div> <div class="cg-detail-right"> <div class="J_detail-right"> <div class="topNews"></div> <div class="rst-more-mainwrap"> <div class="relatedStories"></div> <div class="moreFrom"></div> <div class="aboutNews"> <img src="https://ui.cgtn.com/static/public/images/share_icon/about-news.png"/> </div> </div> </div> </div> </div> <div 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