The vitality of business operations quickly recovered

In addition, a number of leading indicators reflecting the production and operation vitality of enterprises show that the business vitality of enterprises in China was rapidly stabilizing and improving, the supply and demand situation of small and medium-sized enterprises continued to improve, and domestic demand maintained a good recovery momentum.

In the week after the holiday (Feb 18 to 23), the production heat index for industrial park quickly recovered, the average daily index returned to the pre-holiday level, an increase of 14.4 percent year-on-year, according to the State Information Center.

The macroeconomic sentiment index by the China Association of Small and Medium Enterprises stood at 98.8 in January, up 0.3 points from December 2023.