Conditions stable but companies still cautious
By Wang Yanlin |
July 31, 2010, Saturday
|
Print Edition
Print Edition
BUSINESS conditions for companies in China were basically stable in July, according to a survey released yesterday.
Overall operating conditions for Chinese companies rose to 64.94 this month following June's 63.51 -- a sharp fall from 78.46 in May -- according to the China Business Sentiment Survey by Market News International, a subsidiary of the Deutsche Boerse Group.
The index was hit in June by the government's tightening measures and widespread concern that the debt crisis in the eurozone's peripheral members could get worse and affect global economic recovery.
The survey said concern about the impact of the eurozone crisis had abated somewhat and Chinese companies were now seeing a seasonal increase in business ahead of the Christmas season in Western economies.
But the results also indicated that Chinese companies were remaining cautious about the outlook for demand and worried about rising costs for raw materials and labor.
Overall operating conditions for Chinese companies rose to 64.94 this month following June's 63.51 -- a sharp fall from 78.46 in May -- according to the China Business Sentiment Survey by Market News International, a subsidiary of the Deutsche Boerse Group.
The index was hit in June by the government's tightening measures and widespread concern that the debt crisis in the eurozone's peripheral members could get worse and affect global economic recovery.
The survey said concern about the impact of the eurozone crisis had abated somewhat and Chinese companies were now seeing a seasonal increase in business ahead of the Christmas season in Western economies.
But the results also indicated that Chinese companies were remaining cautious about the outlook for demand and worried about rising costs for raw materials and labor.
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