Core Insights - The Small and Medium Enterprises Development Index (SMEDI) in China remained stable at 89.0 in October, unchanged from September and the same as the previous year [1] - Macro policies have been effective in boosting market vitality and improving domestic demand, leading to a steady development trend for SMEs [1][2] Summary by Categories Overall Index - The comprehensive operation index, market index, cost index, and investment index increased by 0.3 points, 0.1 points, 0.1 points, and 0.2 points respectively compared to September [1] - The macroeconomic sentiment index and funding index remained unchanged from September, while the labor and efficiency indices both decreased by 0.1 points [1] Industry-Specific Indices - In October, the indices for the industrial sector, transportation, real estate, and accommodation and catering sectors increased by 0.1 points, 0.3 points, 0.1 points, and 0.4 points respectively [1] - The transportation sector index has risen for two consecutive months, indicating a gradual recovery in economic vitality [2] - Conversely, the indices for construction, wholesale and retail, social services, and information transmission and software sectors decreased by 0.1 points, 0.1 points, 0.3 points, and 0.3 points respectively [1] Regional Indices - The development indices for the central and northeastern regions were 89.8 and 81.6, reflecting increases of 0.2 points and 0.3 points from September [1] - The eastern and western regions maintained their indices at 90.0 and 88.4, respectively, unchanged from September [1] Future Outlook - There are signs of stabilization in business operations, with improved market expectations and reduced operational pressures [2] - The focus will be on enhancing domestic demand, stabilizing employment, and implementing supportive policies for SMEs to sustain economic recovery [2]