SMEs to see more obstacles

Updated 2018-02-06 10:14:05

Growth for small and medium Chinese enterprises slowed in January, Standard Chartered said, adding that they are slated to face more obstacles in the near future.

The Small and Medium Enterprise Confidence Index, released by the UK-based bank, fell to 53.8 points in January from 55.3 points in December 2017, while the SME growth momentum index also reversed from 11.2 points to 9.8 points.

The present situation index and expectation index also dipped, indicating that SMEs were likely to confront a weaker growth trend in the first quarter, the bank said in a report.

"The decrease in demand is dragging on production, and the willingness of SMEs to invest remains low," Shen Lan, economist of Standard Chartered China, said.

"The first quarter of 2018 is expected to see more obstacles including the decline of investment and production while stricter regulations will lead to slower growth in (China's) gross domestic product," Shen said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 24 2019 00:37:53

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 24 2019 00:37:53

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 24 2019 00:37:53

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords