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China business growth eases amid uncertainty

CHINESE businesses remain in expansion mode but have eased their growth amid uncertainties on prices and the economy as a whole, a survey indicated today.

The overall business conditions index slipped to 61.11 this month from 64.56 in October, according to a China Business Sentiment Survey released by the Market News International, a wholly owned subsidiary of Deutsche Boerse Group.

An index figure above 50 means that business activity is growing or improving.

Most of the survey's major indices were down slightly or flat from the previous month, with input prices and credit availability reversing the trend. MNI did not provide details of the figures.

"In both cases, the results moved in a direction that may give policy makers something to worry about," the survey said.

Li Maoyu, an analyst at Changjiang Securities Co, said uncertainties were rising in recent months after the economy showed signs of recovery.

"The stock markets are sluggish these days, reflecting people's wavering confidence in a strong economic rebound," Li said. "The government has to consider seriously how to manage expectation for inflation and the best timing of exiting China's expansionary policy."

Media reports said today the annual central economic work conference would still take place in December as usual, rather than in late November as previously reported.


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