China's economy harvests prosperity in golden autumn
From January to August, China's SMEs have seen a sustained recovery in production and operations as reflected by electricity consumption, confidence index and operating margin.
The latest data shows that electricity consumption by micro and small enterprises increased by 2.4 percent year-on-year from January to August.
In August, SMEs achieved a 61.9 percent confidence index and a procurement index of 50.6 percent, up by 0.7 and 0.3 percentage points from July, respectively.
These enterprises continue to demonstrate strong innovative capabilities as data for the first eight months of this year shows that the value-added industrial output of SMEs increased by 3.6 percent year-on-year.
Among them, "little giants" - referring to SMEs that typically specialize in niche sectors - are commanding high market shares and boast a strong innovative capacity, achieving an operating margin of 10.3 percent.
