Corporate confidence turns to positive

Updated 2017-03-30 09:31:23 Shanghai Daily

Corporate confidence among the largest companies in China turned to positive this year from negative last year on better returns and positive balance sheets.

Their corporate confidence on China rose to 5.7 from 4.1 last year, according to the Fidelity Analyst Survey 2017, boosting the overall score of the Asia-Pacific region to 5.7 from 5. A score above 5 signals warming sentiment, and one below 5 suggests coolness.

The companies turned warm toward China this year due to improving returns and robust balance sheets as market fears of a hard landing for the domestic economy receded, said Catherine Yeung, investment director at Fidelity International.

Corporate sentiment on the US rose to 6.2 from 4.7, while Europe's climbed to 6 from 5.1.

Fidelity International conducted the survey with its 146 analysts who collated data from their meetings with corporate decision makers for a year.

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