Mar 21 - PBOC: Entrepreneur Confidence Index at 39.2%

Source: People's Bank of China, ChinaScope Financial (Data)

+       According to the quarterly survey of entrepreneurs by the People’s Bank of China (PBOC), entrepreneur confidence index in the first quarter was 39.2%, under the demarcation line of 50%. The index dropped 2.5 percentage points from the previous quarter, and 12.3 percentage points from 2011 Q1.

+       China’s market demand index in the first quarter continued to decline to 55%, down 2.4 percentage points from the previous quarter, and 8.6 percentage points from 2011 Q1.

+       Market demand expectations index was 59.4%, 2.2 percentage point higher than the previous quarter. Export orders expectation index rose 3.1 percentage points from the previous quarter to 52.1%, and domestic orders expectation index rose 1 percentage point to 53.5%.

Survey of the industry shows soft landing indicators across all categories.

Other News Headlines:

n PBOC：Entrepreneur Confidence Index at 39.2%

n PBOC: Bankers’ Macroeconomic Confidence Index at 65%

n PBOC: Lower Inflation Expectation, and Lowest Willingness for Home Purchase

n CHALCO Suffers Big Loss in Core Business

n China Telecom’s 2011 Net Profit Increases 7.5% to CNY 16.5 Billion

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us:newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here