Latest News:  

English>>Business

SME business confidence edges higher

By WANG XIAOTIAN (China Daily)

09:24, January 09, 2013

Business confidence is rising again among Chinese small and medium-sized enterprises, or SMEs, after falling for two straight quarters last year.

However, confidence still remains low, according to the latest China SME Confidence Index report released by Standard Chartered Bank on Tuesday.

The fourth quarter of 2012 recorded a reading of 47.28, a marginal increase of 0.57 percentage point from the previous quarter.

The report said: "The overall index in the fourth quarter began to stabilize and showed an upward trend, but it remained below the level of the same period in 2011," when the reading was 54.57.

Confidence in the macro economy, business operation, and investment all rose slightly from the third quarter, but confidence in financing failed to follow the upward trend of the previous term, declining by two points.

Despite a higher index reading, 32 percent of the small businesses and 36 percent of the medium-sized firms said they were not optimistic about their economic situation, while less than 20 percent said they were "optimistic".

First launched in October 2011, the quarterly index covers 1,000 SMEs, 70 percent of which are micro and small enterprises from 10 sectors in 20 cities throughout China.


【1】 【2】 【3】

We recommend:

BJ-GZ HS to add 30b yuan to GDP annually

Great changes in Zhengzhou railway station

Wanda Group ventures onto the global stage

Sports car makers look to mainland market

Top Ten Economic Events in 2012

'Gold road' laid with gold bars

Email|Print|Comments(Editor:黄蓓蓓、厉振羽)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. PLA Special Forces in field training

  2. Mechanized infantry division in drills

  3. Selected Xinhua int'l news pictures of the year 2012 (II)

  4. Birds in aviary of Hong Kong Park

  5. 2012 year in review: Say goodbye

  6. China is Asia's top investment destination

  7. People prepare for Spring Festival

  8. Something about nature

Most Popular

Opinions

  1. Cold War mentality fuels US prejudice
  2. Fewer satisfied with their lives in 2012
  3. Enlightenment from a 'millionaire' cleaner
  4. Is there hope for Chinese football?
  5. Men to wives: Earn more, but still less than I do
  6. Foreign aid,NOT enough for Chinese soccer
  7. Reliance on land sales 'must be reformed'
  8. Heroism, a matter unrelated to wealth
  9. 'Chinese Fortune Grandpa' VS 'Santa Claus'
  10. China Voice: Blind eyes are deadlier than blazes

What’s happening in China

1.8 million students have taken NEEP. What motivate them to continue study rather than work?

  1. Leak scandal company ordered to halt
  2. Gales, high waves strand 27 at Xisha Islands
  3. China's charities hit by lack of trust
  4. Death sentence for sex pest
  5. One dead, one injured in SW China's metro