Confidence index of small businesses climbs
By Hu Xiaocen |
January 14, 2012, Saturday
|
Print Edition
Print Edition
AN index tracking the confidence of China's small and medium-sized enterprises rose to 54.57 in the fourth quarter of 2011 as they took advantage of government stimulus policies, Standard Chartered Bank said yesterday.
"The government has adopted a series of supportive policies for SMEs, which have helped them restore confidence in the economy," said Betty Ku, the bank's Northeast Asian and China head of SME banking.
The China SME Confidence Index is released quarterly, according to the bank's report. A reading above 50 indicates optimism among SMEs about future economic conditions while below that signals weak confidence about the outlook.
Of the index components, the macro-confidence rose the most from 33.13 to 53.43 in the last quarter, indicating that the SMEs view the macro-economic outlook more favorably.
The SMEs' investment confidence was as high as 65.35. Their operation confidence retreated slightly to 56.07 on slowing growth in SMEs' sales and their lower capacity utilization.
"The government has adopted a series of supportive policies for SMEs, which have helped them restore confidence in the economy," said Betty Ku, the bank's Northeast Asian and China head of SME banking.
The China SME Confidence Index is released quarterly, according to the bank's report. A reading above 50 indicates optimism among SMEs about future economic conditions while below that signals weak confidence about the outlook.
Of the index components, the macro-confidence rose the most from 33.13 to 53.43 in the last quarter, indicating that the SMEs view the macro-economic outlook more favorably.
The SMEs' investment confidence was as high as 65.35. Their operation confidence retreated slightly to 56.07 on slowing growth in SMEs' sales and their lower capacity utilization.
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