China Small, Medium Firm Index Rises to 54.5 This Month, Standard Chartered Says
Xu Wei
DATE:  Aug 28 2019
/ SOURCE:  yicai
China Small, Medium Firm Index Rises to 54.5 This Month, Standard Chartered Says China Small, Medium Firm Index Rises to 54.5 This Month, Standard Chartered Says

(Yicai Global) Aug. 28 -- Standard Chartered Bank's China's Small and Medium Enterprise Confidence Index rose to 54.5 this month from July's reading of 53.8. This increase shows the Chinese economy is stabilizing, the bank said today.

The SME Confidence Index assesses the development of China SMEs from the perspectives of sub-indexes, performance, expectation and credit. The SMEI became embedded on the Bloomberg Terminal as a core index reflecting the economic development of Chinese SMEs in May 2016.

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Keywords:   Standard Chartered,China's Small and Medium Enterprise Confidence Index