Chinese entrepreneurs, bankers and residents have become less optimistic about the country's economic conditions, central bank data revealed on June 25.
The entrepreneurs' confidence index came in at 64.9 percent in the second quarter, retreating 2.1 percentage points from the previous quarter, the central bank said in a report, citing results from a survey of over 5,900 Chinese entrepreneurs.
In a separate report based on a survey of 3,100 bankers, the central bank said their second-quarter confidence index was down 13.9 percentage points from the previous quarter to 53.7 percent.
The surveys found that more people are concerned about employment. Of the 20,000 savers the central bank surveyed, 43.8 percent considered employment conditions "harsh" or "murky," and their expectation index was 47.8 percent, down 2.1 percentage points from a quarter earlier.
Home prices are still a major issue of public concern, with 63 percent of people surveyed describing prices as "high and hard to accept," down 1.3 percentage points from the previous quarter.
Some 50.3 percent reported that they expect home prices to remain unchanged in the third quarter, while 21.2 percent predicted rises.
The changing outlook came as China's property sector continued to cool in May, as new home prices in half of a sample of 70 major cities showed month-on-month drops. |