Plan unveiled

CHINA’S cabinet Tuesday unveiled a plan to deepen reforms in order to streamline administration and further improve the business climate.

The plan, issued by the General Office of the State Council, lists 25 key tasks for the next phase of reforms.

Stressing timely and precise implementation of macroeconomic policies, the plan calls for efforts to facilitate financing for enterprises, especially small, micro and medium-sized enterprises, and to stabilize and increase employment.

The plan calls for further cutting red tape and simplifying and optimizing access management measures for automobile production.

Stable recovery

VITALITY and recovery of China’s small and medium-sized enterprises (SMEs) kept improving in October as the country’s relief policies generated more tangible benefits, the latest industry data showed.

The Small and Medium Enterprises Development Index, based on a survey of 3,000 SMEs, went up by 0.1 points to 87 in October and hit a new high since February, according to the China Association of Small and Medium Enterprises.

The index contains multiple sub-indexes to gauge the performance and expectations of SMEs. A reading below 100 indicates dented vitality.

In October, the sub-indexes for the sentiment on the macroeconomy, operating cost, labor force, and financing were above 100, suggesting an upward trend in business. In general, nearly 97 percent of surveyed firms resumed operations in the accommodation and catering industry.