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PBOC: Entrepreneur Confidence Index At 39.2%

Source: People's Bank of China, ChinaScope Financial (Data)

+ According to the quarterly survey of entrepreneurs by the People's Bank of China (PBOC), entrepreneur confidence index in the first quarter was 39.2%, under the demarcation line of 50%. The index dropped 2.5 percentage points from the previous quarter, and 12.3 percentage points from 2011 Q1.

+ China's market demand index in the first quarter continued to decline to 55%, down 2.4 percentage points from the previous quarter, and 8.6 percentage points from 2011 Q1.

+ Market demand expectations index was 59.4%, 2.2 percentage point higher than the previous quarter. Export orders expectation index rose 3.1 percentage points from the previous quarter to 52.1%, and domestic orders expectation index rose 1 percentage point to 53.5%.

Survey of the industry shows soft landing indicators across all categories.