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在线翻译:
szdaily -> Business
Business confidence index rises to 3-year high
    2017-June-22  08:53    Shenzhen Daily

BUSINESS confidence among entrepreneurs in China improved in the second quarter of 2017 from the first quarter, picking up to its highest level in more than three years, according to a survey by the People’s Bank of China published Tuesday.

The entrepreneurs’ confidence index rose to 65.4 percent in the second quarter, 3.9 percentage points higher than in the January-March, and only slightly below the 67.0 level in the first quarter of 2014.

Another central bank survey showed bankers’ confidence also rose in the second quarter of the year, though 30.1 percent of bankers believed monetary policy was “relatively tight” in the April-June period, up 9.8 percentage points from the first quarter.

But while more bankers to feel the heat of tighter money, their confidence about the economy rose in the second quarter. An index in the central bank survey on confidence was 67.8, the highest since the fourth quarter of 2013, as profitability edged up. A reading above 50 indicates business expansion.

About 67 percent of respondents said the policy is appropriate, down 6.9 percentage points from the percentage saying that in a first-quarter survey.

The increase in citing of “relatively tight” appears to reflect intensifying worries about a liquidity squeeze as a vigorous regulatory clampdown on riskier forms of financing has kept liquidity conditions unusually tight this year.

China’s economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and slowing investment reinforced views that it will gradually lose momentum in coming months.

China’s fast start to the year led the International Monetary Fund last week to raise its 2017 growth forecast to 6.7 percent from 6.6 percent in April, though it recommended China accelerate reforms and rein in credit expansion.

Another separate survey by the central bank showed that 31.2 percent of households expect housing prices to rise in the third quarter of this year, while 46.1 percent of households expect housing prices to remain basically unchanged.

(SD-Agencies)

 

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