Over half of enterprises to increase investment this year

16:04, June 07, 2010      

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Chinese entrepreneurs are optimistic about economic growth, entrepreneur confidence rose relatively, and more than 50 percent of companies plan to increase investment in 2010, according to a recent survey.

The survey by the Chinese Entrepreneurs Survey System showed that business owners' average expectation for China's GDP growth rate in 2010 was 9 percent. The survey result was 0.8 percentage points higher than the previous year.

Nearly 61 percent of business owners believed that China's macro-economic situation in the first quarter of 2010 was "good" or "relatively good," increasing 43.3 percentage points compared with the same period in 2009.

The optimism towards the economic recovery has also strengthened their confidence in the future development of enterprises. The survey showed that 88.1 percent of those surveyed expressed "very confident" or "relatively confident."

Thanks to the confidence rebound, 53.7 percent of enterprises planned to add investment. Enterprises in agriculture, forestry, animal husbandry, fishing, transportation, storage, postal services, accommodation and catering, leasing, business services, and steel-manufacturing industries are showing stronger investments. Companies involved in the production and supply of power, gas and water and clothes are seeing a declining investment.

The survey showed that 61.6 percent of enterprises gained profits in the first quarter, surging 20 percentage points year-on-year.

Business owners showed optimism on the operation and profits situation in the second quarter. The positive expectation comes from the relative stability. The survey showed that 40.7 percent of business owners estimated an "increase" in orders in the second quarter, and also 5.4 percent of them believed there would be a "reduction." It can be estimated that the industries with "relatively good" ordering includes chemical fiber, nonmetal products, nonferrous metals, general facilities, special equipment, telecommunications equipment and instruments.

By People's Daily Online


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