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China’s business confidence improves in Q1: central bank survey

Updated: Mar 22,2017 8:01 AM     Xinhua

BEIJING — Business confidence among China’s entrepreneurs improved in the first quarter of 2017 compared with the last quarter of 2016, a central bank survey showed on March 21.

The entrepreneur confidence index grew to 61.5 from 54.1 the previous quarter and 43.7 during the same period last year, according to a quarterly survey by the People’s Bank of China (PBOC).

Another PBOC survey showed bankers’ confidence in the economy also rose in the first quarter, up sharply by 11.2 percentage points from the previous quarter to 64.9 percent.

Some 20.3 percent of the bankers polled said monetary policy was “relatively tight,” up from only 5.7 percent in the fourth quarter of last year.

According to another PBOC survey, 52.2 percent of urban households believed housing prices were “unacceptably high” while 22.9 percent of the households polled said they planned to buy a house in the next three months, 2.8 percentage points higher than the fourth quarter of last year.