A worker in a car-part SME answers questions from bank employees on production at a facility in March 2020 in Jinhua, Zhejiang province. BEIJING -- The activities of China's small and medium-sized enterprises SMEs picked up in October as the country's economy has logged a stable recovery since the third quarter of this year, industry data showed.
The Small and Medium Enterprises Development Index, calculated based on a survey of 3,000 SMEs, came in at 88.2 last month, the same as the September level and reversing the contraction, according to the China Association of Small and Medium Enterprises.
The index contains multiple sub-indices to gauge the performance and expectations of SMEs.
The sub-indices for several sectors reported steady growth in the period, with that for construction and industry climbing 0.2 points and 0.1 points from September.
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The data shows that the sub-indices measuring SMEs' confidence, market activities and profits went up last month, reversing the decline in September.