Heard on the Street: Small businesses in China deserve a bit more credit
Small Chinese companies have spent most of 2019 getting trampled by their bigger, state-owned cousins. Two strong readings from alternative purchasing managers’ indexes in November are the latest sign this trend has begun to reverse.
The official factory index rose into territory signaling expansion for the first time since April, thanks in part to healthier exports and more activity at small and medium-size firms. Caixin’s index, tilted less toward big state-owned companies than the official gauge, notched a nearly three-year...
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