China s SME Development Index rebounded in November

Mondo Finance Updated on 2024-01-28

Reporter of this newspaper Zhou Zixun.

With the intensive introduction and continuous development of various support policies, the confidence in the development of small and medium-sized enterprises has recovered, and the development index of small and medium-sized enterprises has stopped falling and rebounded.

According to data released by the China Association of Small and Medium Enterprises on December 10, in November, the SME Development Index (SMEDI) was 893. Up 0 from the previous month2 points, ending two consecutive months of decline, and higher than the same period in 2021 and 2022. Among them, the sub-industry index was 6 up, 1 flat and 1 down;The sub-index rose 7 and 1 flat.

A number of sub-indices and sub-industry indices rebounded across the board, indicating that the prosperity of small and medium-sized enterprises recovered in November. Ma Bin, executive vice president of the China Association of Small and Medium-sized Enterprises, said in an interview with a reporter from the China Economic Times that in the industry index, the largest increase was in the information software industry index, which rose 07 points. In terms of details, the order index, revenue index, liquidity index, and investment index all increased by 11 point. These changes indicate that the information software market is recovering.

Ma Bin pointed out that the industrial index rose by 03 points. In terms of details, the comprehensive business index of industrial enterprises increased by 0At 7 points, the production index rose by 07 points, the science and technology investment index rose by 09 o'clock, indicating that industrial small and medium-sized enterprises are improving.

Among the sub-indexes, the largest increase was in the investment index, which rose by 06 points. According to the survey, 68% of enterprises reported that fixed asset investment increased or remained flat in November, which shows that some policies to encourage private investment have been introduced before, especially the new mechanism of social capital cooperation, which has broadened the space for private investment.

The macroeconomic sentiment index rose 0. month-on-month in November2 points, and since January this year, it has been close to the critical value of 100, indicating that the confidence of small and medium-sized enterprises in the development is increasing.

The survey also found that the market expectations of small and medium-sized enterprises are also gradually recovering, and the sales situation has improved slightly. Of the 8 industries surveyed, the domestic orders index for 6 industries, the sales index for 4 industries and the sales ** index for 5 industries increased. The recovery of domestic demand is expanding.

Overall, with the gradual implementation of a series of policy 'combination punches', the confidence of small and medium-sized enterprises is further boosted, market expectations are gradually recovering, and investment has also expanded. In Ma Bin's view, although China's economy continued to recover in November, the main indicators continued to improve, and the overall economic operation was stable, but it also faced many difficulties and challenges. There are still many uncertainties in external instability. Domestic demand is still insufficient, and the foundation for economic recovery still needs to be consolidated, especially the difficulties of small and micro enterprises are still prominent, facing problems such as insufficient market prosperity, rising operating costs, increasing revenue but not increasing profits, and arrears of accounts receivable.

Judging from the trend of China's SME development index in the first 11 months of this year, the development of small and medium-sized enterprises has shown the characteristics of wave-like development and zigzag progress. Ma Bin suggested that in order to stabilize the expectations of small and medium-sized enterprises and boost confidence, it is necessary to further implement preferential tax policies and promote policies to enjoy directlyWe will continue to optimize the business environment, continue to adhere to the "two unswerving", effectively optimize the development environment of private enterprises, and break down the institutional obstacles that restrict private enterprises from participating in market competition fairlyGive full play to the role of the market mechanism and broaden the space for private investmentIncrease financial support for private enterprises, gradually increase the proportion of loans to private enterprises, and enhance the convenience and availability of loansConscientiously carry out special actions to clear up arrears of small and medium-sized enterprises to protect the legitimate rights and interests of small and medium-sized enterprises;Improve the public service system for small and medium-sized enterprises, smooth the communication channels between government and enterprises, actively relieve difficulties and solve problems, and promote the healthy development of small and medium-sized enterprises.

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