Related News
Slower growth erodes corporate confidence
By Wang Yanlin |
October 29, 2010, Friday
|
Online Edition
Online Edition
CHINESE businesses were less confident about their outlook as the country's economic growth moderated in October, an industry report showed today.
China Business Sentiment Survey, compiled by the Market News International, found that overall performance of Chinese companies fell to 65.03 last month from 69.54 in September. But the October index was still above the readings of 62.16 in August and 64.94 in July.
"A cut in confidence is a result of higher input inflation, lower credit availability and expectation of higher interest rates," the report said.
China's economic growth has eased in recent quarters due to efforts on containing pollution and the demand to reduce risk of overheating. But some analysts also interpreted it as the start of a cycle of slower growth.
In the third quarter, China's gross domestic product expanded 9.6 percent year on year, weakening from the gain of 10.3 percent in the second quarter and 11.9 percent in the first quarter.
China Business Sentiment Survey, compiled by the Market News International, found that overall performance of Chinese companies fell to 65.03 last month from 69.54 in September. But the October index was still above the readings of 62.16 in August and 64.94 in July.
"A cut in confidence is a result of higher input inflation, lower credit availability and expectation of higher interest rates," the report said.
China's economic growth has eased in recent quarters due to efforts on containing pollution and the demand to reduce risk of overheating. But some analysts also interpreted it as the start of a cycle of slower growth.
In the third quarter, China's gross domestic product expanded 9.6 percent year on year, weakening from the gain of 10.3 percent in the second quarter and 11.9 percent in the first quarter.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
