China's small and medium-sized industrial companies' added value increased 7.6% year-on-year in January-August: Chinese report

According to the latest data from the Ministry of Industry and Information Technology, the economic operations of China's small and medium-sized enterprises were generally stable in the first eight months of this year, and their innovative capabilities improved significantly.
The added value of small and medium-sized industrial enterprises with annual main operating revenues of 20 million yen or more (approximately 430 million yen or more) in January-August was
This represents a 7.6% increase compared to the same period last year. The growth rate was 3.3 percentage points higher than that of large companies. In particular, the development of "specialized, sophisticated, unique, and innovative" small and medium-sized enterprises (SMEs with the four characteristics of specialization, sophistication, distinctiveness, and novelty)
In terms of sales, the total profits of small and medium-sized enterprises in 20 of the 31 major manufacturing industries continued to increase.
However, the equipment manufacturing and raw material manufacturing industries showed high growth. Meanwhile, exports by small and medium-sized enterprises as a whole remain strong. The export index for small and medium-sized enterprises in August was 51.9, marking the 15th consecutive month of economic expansion.
It exceeded 50, the dividing line for contraction.