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Confidence of Chinese SMEs weakens, report says
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Business sentiment of Chinese small- and medium-sized enterprises weakened in the second quarter amid economic slowdown, as the SMEs’ confidence in operation, investment and financing conditions dropped.
The overall quarterly measure of Chinese SMEs’ confidence retreated 4.47 percentage points to 52.04, after its surge in the first quarter, said Standard Chartered Bank in a report released today.
A reading above 50 means the SMEs feel confident about future conditions.
The four sub-indices that measure confidence in macro economy, business operation, investment and financing conditions all fell in the second quarter from the last period.
The results were drawn up on 1,000 surveys of SMEs from over 10 manufacturing industries in 20 cities, said Standard Chartered.
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