A reading above 50 shows an expansion in manufacturing, suggesting that the upturn may fuel more robust business in the coming months.
"The sales volume for the third quarter is better than the first two quarters, although it is much lower when compared to the same time last year," said Shen Jiandong, the senior sales manager for Jiangsu Goldsun Textile Science and Technology Co Ltd.
Goldsun, a company targeted a 30 percent increase on sales revenue for this year, but now expects it will experience 10 percent growth at the most.
Shen added, that although the whole economic environment had dragged down production and sales volume of their products, the signs of recovery from the slump is getting them back to track.
Another key indicator, the HSBC PMI, an index that focuses more on small and medium-sized enterprises (SMEs), also showed an eight-month high of 49.5, in October.
"For the past three months, there are certain slight improvements in export volume, as the number of the orders from overseas is climbing back slowly with increasing demands preparing for Christmas," said Qian Shaotian, sales manager of Shanghai Yuanzong Hardware Co Ltd, which focused on trading hardware with mainly European clients in the last two decades.
Qian added that although the situation is getting better, the trading industry is not expected to recover rapidly in the coming year, in the face of tougher competition among local exporters which has worsened the trading environment, bringing lower profits, while the price of materials has risen.
Experts suggest the government should offer more assistance for SMEs to walk out of the miserable period as soon as possible.
'Gangnam style' life of young rich in Chongqing
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