Entrepreneurs, bankers more upbeat on Chinese economy: surveys

Updated 2018-03-16 09:10:08 Xinhua

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

The entrepreneur confidence index reached 74.3 percent for the first quarter of this year, 2.5 percentage points higher than Q4 and 12.7 percentage points higher than Q1 2017, according to a People's Bank of China (PBOC) survey of over 5,000 industrial companies.

The business climate index stood at 58.6 percent, 5.9 percentage points higher year on year.

Another PBOC poll of over 3,000 bankers showed the banker confidence index rose 2.8 percentage points from Q4 2017 to 81.9 percent in Q1.

The PBOC also surveyed 20,000 urban households, 24.8 percent of which said they plan to "spend more," while 32.7 percent said they plan to invest more.

China will maintain a prudent and neutral monetary policy in 2018 as it strives to balance growth and risk prevention.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58April 25 2019 00:27:13

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 12:16April 25 2019 00:27:13

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18April 25 2019 00:27:13

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.

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