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Entrepreneurs more confident in China's economy
By Wang Yanlin |
April 9, 2010, Friday
|
Online Edition
Online Edition
CHINA'S victory over the global economic meltdown helped raise the country's business confidence among entrepreneurs in the first quarter of this year, the National Bureau of Statistics said today.
The Business Confidence Index in China gained 7.8 points from the previous quarter to 135.5 in the first three months, the highest level since the second quarter of 2008.
Meanwhile, the Business Climate Index edged up 2.3 points from a quarter earlier to 132.9 through March.
An index reading above 100 indicates optimism or expansion.
"Business confidence has been growing steadily thanks to China's performance in fighting against the global financial crisis," the bureau said.
Li Maoyu, an analyst at Changjiang Securities Co, said the government's steadfast determination to spur economic growth has supported confidence among entrepreneurs and boost the outlook of business.
"Although there are still uncertainties ahead about any subtle changes in policy stance, business people basically trust the government's decision and its capability to steer the economy," Li said.
China said it will stick to a relatively easy monetary policy and a proactive fiscal policy this year to secure a solid recovery. But some economists urged policy makers to increase interest rates in the second quarter to contain inflation.
The Business Confidence Index in China gained 7.8 points from the previous quarter to 135.5 in the first three months, the highest level since the second quarter of 2008.
Meanwhile, the Business Climate Index edged up 2.3 points from a quarter earlier to 132.9 through March.
An index reading above 100 indicates optimism or expansion.
"Business confidence has been growing steadily thanks to China's performance in fighting against the global financial crisis," the bureau said.
Li Maoyu, an analyst at Changjiang Securities Co, said the government's steadfast determination to spur economic growth has supported confidence among entrepreneurs and boost the outlook of business.
"Although there are still uncertainties ahead about any subtle changes in policy stance, business people basically trust the government's decision and its capability to steer the economy," Li said.
China said it will stick to a relatively easy monetary policy and a proactive fiscal policy this year to secure a solid recovery. But some economists urged policy makers to increase interest rates in the second quarter to contain inflation.
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