China’s business climate index declines
Print Edition
China’s business climate index, a major gauge of the country’s macro-economic outlook, fell in the fourth quarter, according to data released yesterday.
The index was 119.5 points for the fourth quarter, down two points from the previous quarter, the National Bureau of Statistics said in a statement.
The figure continued to stay above 100 points, indicating that Chinese enterprises were still operating in an upbeat climate, the statement said.
The index ranges from zero to 200 points, with a reading of more than 100 indicating a sound and optimistic climate, while a reading below 100 points to a pessimistic business environment.
The index surveys around 21,000 industrial enterprises.
The information transaction, software and IT service sector reported the most optimistic business climate score of 136.7 points, down 1.1 points from the third quarter.
Only the hospitality sector posted a business climate rating below 100, the statement said.
The index for industrial enterprises in China’s central areas at 122.3 was higher than 120.1 in the eastern and 114.1 in the western region.
The indices for large, medium-sized and small enterprises were 134.2, 121 and 109 points respectively.
All the indices dropped from the third quarter of the year, the statement said.
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