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Confidence among Chinese SMEs falls in second quarter
By Hu Xiaocen |
July 13, 2012, Friday
|
Online Edition
Online Edition
CONFIDENCE in China's small businesses retreated in the second quarter as economic slowdown and diminishing market demand unnerve investors, according to Standard Chartered Bank.
The lender today cut China's small and medium-sized enterprises confidence index by 3.48 percentage points to 54.15 in the second quarter.
Among the four sub-indices, the operation confidence index and investment confidence index fell the most, while those for the macro-economic confidence and financing confidence rose from the first quarter.
The lender also noted that SMEs in the central and western regions ranked the highest in general confidence due to accelerated infrastructure projects there.
"The slump in operation and investment confidence is mainly caused by the economic slowdown and weak market demands," said Betty Ku, Northeast Asia and China head of SME banking at the bank.
The lender today cut China's small and medium-sized enterprises confidence index by 3.48 percentage points to 54.15 in the second quarter.
Among the four sub-indices, the operation confidence index and investment confidence index fell the most, while those for the macro-economic confidence and financing confidence rose from the first quarter.
The lender also noted that SMEs in the central and western regions ranked the highest in general confidence due to accelerated infrastructure projects there.
"The slump in operation and investment confidence is mainly caused by the economic slowdown and weak market demands," said Betty Ku, Northeast Asia and China head of SME banking at the bank.
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