Entrepreneurs, bankers more upbeat on Chinese economy: surveys

Updated 2017-12-20 16:00:20 Xinhua

Chinese entrepreneurs and bankers were more confident about the economy in the fourth quarter of this year than the previous quarter, central bank surveys showed Tuesday.

The entrepreneur confidence index reached 71.8 percent for Q4, 3.1 percentage points higher than Q3 and 17.6 percentage points higher than Q4 2016, according to a People's Bank of China (PBOC) survey of over 5,000 industrial companies.

Meanwhile, the business climate index rose to 59.8 percent in Q4, 4.3 percentage points higher than the Q3 level.

Another PBOC poll of over 3,000 bankers showed the banker confidence index rose 3.8 percentage points from Q3 to 79.1 percent in Q4.

Among the bankers surveyed, 79.1 percent considered the current macro-economy "normal," while only 19.2 percent said economic activity was "relatively cool," the central bank said.

Meanwhile, 78.6 percent of the bankers considered the monetary policy "appropriate," up 3.6 percentage points from Q3.

The PBOC also surveyed 20,000 urban households, 26.2 percent of which said they plan to "spend more," while 33 percent said they plan to invest more.

About 32 percent of those polled expected China's housing prices to rise in the first quarter of 2018, while 9.3 percent of them said housing prices would fall.

China's GDP expanded 6.8 percent year on year in the third quarter, down from the second quarter's 6.9-percent increase, but above the government's targeted growth of around 6.5 percent for the year.

The country has set the tone of its 2017 monetary policy as prudent and neutral, keeping appropriate liquidity levels but avoiding excessive liquidity injections.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 23 2018 14:54:14

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 23 2018 14:54:14

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 23 2018 14:54:14

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords