Briefly

SMEs show steady recovery momentum

China's small and medium-sized enterprises continued their recovery momentum in July amid strengthening policy support for the private economy and investment, data from an industry association showed on Wednesday. The SME development index gained 0.2 points to 89.3 last month, said the China Association of Small and Medium Enterprises. The index contains multiple subindices to gauge the performance and expectations of SMEs.

Hainan duty-free sales hit 28.93b yuan

South China's island province of Hainan recorded total offshore duty-free sales of 28.93 billion yuan ($4 billion) in the first seven months. From January to July, nearly 4.2 million shoppers purchased over 34 million duty-free products on the island, according to the Customs office in Haikou, capital of the province. Since the beginning of the year, Hainan has introduced a series of measures to boost the recovery of duty-free consumption.

Xinhua - China Daily