Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 19:56, September 19, 2006
Bankers worry about overheated economy
font size    

Over 60 percent of Chinese bankers think the economy is overheated, and many of them see no change for the better in the next quarter, an investigation has revealed.

A survey of 2,850 banking institutions put the Bankers' Confidence Index at 43.8 percent, 16.1 percentage points lower than the previous quarter, the People's Bank of China (PBOC), the central bank, said Tuesday when releasing the figures.

The surveyed bankers are presidents of both local and foreign banks and senior managers at provincial and city level subsidiaries. 46.1 percent of them predicted China's economy will remain overheated in the fourth quarter of this year.

The Bankers' Confidence Index rose to 82.4 percent in the first quarter of this year, the highest figure since the survey was started by the People's Bank of China at the beginning of last year.

The slump in the confidence index shows that bankers are increasingly pessimistic about the prospects of the macro economy, the central bank said.

Bankers were more confident about their own industry. The widely-touted Renminbi appreciation and the big differences in interest rates paid on deposits and loans made them optimistic about the prospects of the country's commercial banks.

More than half the bankers surveyed - 57 percent - felt that Chinese monetary policies were "appropriate" but the figure nevertheless represents a decline of 11.9 percentage points on the previous quarter.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Dic

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved