A worker operates at an automobile parts factory in Anshan City, northeast China's Liaoning Province, April 19, 2022. (Xinhua/Wang Yijie)
BEIJING, April 10 (Xinhua) -- The Small and Medium Enterprises (SMEs) Development Index, based on a survey of 3,000 SMEs, registered a sharp rebound in the first quarter of this year, the latest industry data showed.
The index amounted to 89.3 in the first quarter of this year, up 1.3 points quarter on quarter, the highest growth since the fourth quarter of 2020, according to the China Association of Small and Medium Enterprises.
The index contains multiple sub-indexes to gauge the performances and expectations of SMEs. A reading above 100 reflects an upward trend in business while a reading below 100 indicates dented vitality.
It is learned that sub-indexes gauging sentiment in eight sectors all rebounded in the first quarter of this year. Sub-indexes of the accommodation and catering industry, the transportation industry and the information transmission and software industry increased significantly. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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