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Survey finds China investor confidence erodes
By Wang Yanlin |
July 13, 2012, Friday
|
Online Edition
Online Edition
CHINESE investors are less confident about their business outlook although they remain optimistic on the whole, a survey of more than 20,000 investors showed.
Investor Confidence Index, compiled by the China Economic Monitoring Center, settled at 121.2 in the second quarter, down 1.8 points from the first quarter, the National Bureau of Statistics said today.
A reading above 100 indicates optimism.
"Investor sentiment is a reflection of China's economic conditions," said Pan Jiancheng, deputy director of the center. "On the whole, interviewees are still confident about their business outlook."
China's gross domestic product grew 7.6 percent in the second quarter, the first time in three years with a rate below 8 percent.
Some analysts speculate that China's economy will bottom out in the third quarter, but some others are wary of a prolonged downturn.
The survey showed investors in IT, services and manufacturing industries had more confidence, while those in the real estate sector were the least optimistic.
Investor Confidence Index, compiled by the China Economic Monitoring Center, settled at 121.2 in the second quarter, down 1.8 points from the first quarter, the National Bureau of Statistics said today.
A reading above 100 indicates optimism.
"Investor sentiment is a reflection of China's economic conditions," said Pan Jiancheng, deputy director of the center. "On the whole, interviewees are still confident about their business outlook."
China's gross domestic product grew 7.6 percent in the second quarter, the first time in three years with a rate below 8 percent.
Some analysts speculate that China's economy will bottom out in the third quarter, but some others are wary of a prolonged downturn.
The survey showed investors in IT, services and manufacturing industries had more confidence, while those in the real estate sector were the least optimistic.
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