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China Business, Bankers Confidence Dips in Q4: C. Bank Survey`

Business confidence among China’s entrepreneurs and bankers dipped in the fourth quarter of 2015 from the third, according to surveys by the People’s Bank of China published on Thursday.

The entrepreneurs’ confidence index fell to 46 percent in the fourth quarter, 4.5 percentage points lower than the third quarter, a central bank survey showed.

The export orders index was at 43.7 percent in the fourth quarter, down 2.6 percentage points from the previous quarter, the survey showed.

A separate central bank survey showed that bankers’ confidence index slipped to 37.9 percent in the fourth quarter, down 2.7 percentage points from the third.

The survey showed 38.8 percent of bankers believed monetary policy would be relatively loose in the first quarter of 2016.

The same survey showed more bankers believed the economy had cooled in the fourth quarter compared with the third quarter.

CNBC [1]

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Craig Erlam

Craig Erlam [4]

Senior Currency Analyst at OANDA [5]
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.