SME uptick in June a good sign

Showing improvement: Workers in a factory producing washing machine parts in Nanjing. China’s economy will likely rebound steadily in the second half of the year, say experts. — AFP

BEIJING: Business operations of China’s small and medium enterprises (SMEs) improved marginally in June on the back of better containment of the Covid-19 pandemic and a package of stimulus policy measures, according to latest data.

Experts said the improvement, even though small, confirms a gradual recovery in growth momentum, and appears to strengthen expectations that China’s economy will likely rebound steadily in the second half of the year.