Pearl River Delta SMEs show poor H1 figures

Trade conditions for small and medium-sized exporters in the Pearl River Delta, one of the country's major manufacturing and trade hubs, were poor in the first half of the year due to lower seasonal demand, an industrial report said.

The Trade Climate Index, which reflects exporters' confidence in trade, stood at 99.06 in June, lower than the satisfaction threshold, indicating an unstable trend for exporters in the Delta region, according to a report released on Tuesday by trade service provider Shenzhen Onetouch Business Service Co, a subsidiary of Alibaba Group Holding Ltd, and based on a survey of 500 small and medium-sized companies.

"The grim performance was mainly due to lower seasonal demand from overseas buyers in May and June," said Xiao Feng, deputy general manager of Shenzhen Onetouch.