Auto sales in China up 7% in October

China's auto sales rose 7 percent year-on-year to 3.05 million units in October, said the China Association of Automobile Manufacturers on Monday. In the first 10 months, auto sales exceeded 24.6 million units, up 2.7 percent year-on-year.

SMEs show overall improvement

China's small and medium-sized enterprises reported better business performance in October, with an industry index measuring their activity posting its largest increase of the year, said the China Association of Small and Medium Enterprises. The SME Development Index, based on a survey of 3,000 SMEs across eight major industries, reached 89 last month, 0.3 point higher than in September. This growth rate marked the largest increase this year and the highest since March 2023.