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China business conditions improving, but still weak
By Hu Xiaocen |
November 30, 2012, Friday
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Online Edition
China's business conditions improved at an accelerated pace in November, but they remain vulnerable to any external or domestic setback, a survey said today.
The index that measures China's business conditions expanded for the third consecutive month to 53.78 in November from 51.86 in October and 51.35 in September, Market News International, a unit of Deutsche Boerse Group, said in a report today.
On a seasonally adjusted basis, the current index looks even better, rising to 55.58 in November from 52.08 in October, and is the highest since February this year.
A reading above 50 indicates business expansion, while a number below 50 means contraction.
Nine of the 13 sub-indicators for business conditions were in expansion in November, up from seven in October and five in September.
Credit availability remained to be an issue with one sub-index contracting for three consecutive months.
"The results for much of this year have reflected the anticipation of a leadership change in China which took place early this month. It became clear earlier this year that the government was unwilling to make any large-scale moves to stimulate the economy before the leadership change which happens every 10 years. Now that the handover of power is under way, the results may indicate some expectations of policy moves ahead," said the report.
The index that measures China's business conditions expanded for the third consecutive month to 53.78 in November from 51.86 in October and 51.35 in September, Market News International, a unit of Deutsche Boerse Group, said in a report today.
On a seasonally adjusted basis, the current index looks even better, rising to 55.58 in November from 52.08 in October, and is the highest since February this year.
A reading above 50 indicates business expansion, while a number below 50 means contraction.
Nine of the 13 sub-indicators for business conditions were in expansion in November, up from seven in October and five in September.
Credit availability remained to be an issue with one sub-index contracting for three consecutive months.
"The results for much of this year have reflected the anticipation of a leadership change in China which took place early this month. It became clear earlier this year that the government was unwilling to make any large-scale moves to stimulate the economy before the leadership change which happens every 10 years. Now that the handover of power is under way, the results may indicate some expectations of policy moves ahead," said the report.
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