World Business NewsA round up of the latest news for those doing business internationally
Sentiment souring on prospects for Chinese business in future
Zone(s): China ¦ Sector(s): Economy, Consumers
The expectations part of the measure dropped to 126.4, the lowest that MNI have ever recorded – though still above the neutral 100 level, indicating more optimism than pessimism. “While some indicators point to a stabilisation in economic growth, consumers don’t see it lasting for long, with future expectations for business conditions hitting a record low,” said MNI chief economist Philip Uglow.