Latest News:  


Central bank surveys reflect weak confidence in Chinese economy


11:01, June 23, 2013

BEIJING, June 22 (Xinhua) -- Surveys conducted by China's central bank have indicated that bankers, entrepreneurs and depositors are worried about the economy and have less confidence, the Shanghai Securities News reported Saturday.

The People's Bank of China (PBOC), the country's central bank, on Friday released reports for surveys conducted to find out public opinions regarding the economy.

According to the reports, 34.1 percent of surveyed bankers and 36.4 percent of surveyed entrepreneurs believe the macroeconomy has slowed.

The index for loan demand was 72.5 percent, declining 4.9 percentage points from the previous quarter, while the index for the manufacturing sector posted the largest drop of 5.5 percentage points.

The loan demand of small and mid-sized enterprises decreased by more than that of large companies in the second quarter, the reports said.

Just 30 percent of all surveyed companies said they are optimistic about capital turnover and fund withdrawals.

Affected by increasing worries over the capital market, 46.2 percent of respondents said they were inclined to make greater deposits, while 35.7 percent stuck to investment, 1.9 percentage points lower than in the previous quarter.

The reports said that 59.1 percent of respondents believe commodities prices are too high, while 66.7 percent said housing prices are not acceptable.

We Recommend:

'All in Tuning All in Caravanning' Show

HK's new cruise terminal receives luxury liner

Huawei unveils thinnest smartphone in Singapore

Airbus A350 lands safely from test flight in S. France

Special coverage: China-EU solar row

Highlights of ATC Show 2013

Top 10 luxury villas of China in 2013

Turn rabbit to 'gold' - A young entrepreneur's goal

Hilton to open 120 new hotels in China

Email|Print|Comments(Editor:DuMingming、Gao Yinan)

Leave your comment0 comments

  1. Name


Selections for you

  1. Mermaid Parade at Coney Island in New York

  2. 'Super moon' hangs in the sky over Rotterdam

  3. Beauty contest held in Budapest, Hungary

  4. Enjoy water square in SE China

  5. Graduation ceremony of future flight attendants

  6. A ‘post-90s mom' and her 11 kids with autism

  7. Wedding dream shines on graduation day

  8. Weekly sports photos (6.14-6.21)

  9. 6th Int'l Auto Show held in Buenos Aires

  10. Tibetan carpet exposition kicks off

Most Popular


  1. China's outbound investment at turning point
  2. Dog meat festival, 'bloody carnival'?
  3. Obama's deeds more important than his words
  4. Social media lures us to throw away privacy barriers
  5. What has the Prism program taught us?
  6. China to sustain prudent monetary policy
  7. SG sees strong China growth momentum
  8. Does China need to consume more?
  9. Chinese audience expects good stories
  10. Moody's warns on China's local government debt

What’s happening in China

Water gush out of Xiaolangdi Reservoir on Yellow River

  1. Chinese-Canadian woman 'accidental drown'
  2. 4 Vietnamese arrested for drug trafficking
  3. 4 dead, 3 injured in SW China landslide
  4. 8,000 stranded as tropical storm hits S China
  5. Major source for Beijing water plan 'polluted'