Chinese School - Stocks?close mixed?on market expansion pressure

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BIZCHINA / Index & Statistics

Stocks?close mixed?on market expansion pressure

(chinadaily.com.cn)
Updated: 2007-09-21 16:12

China's Entrepreneur Confidence Index continued to fall in the third
quarter of this year, with increasing worries about probable overheating
of the national economy. The survey, conducted by the People's Bank of
China on the basis of 5,635 questionnaires, found that the index stood at
77 percent in the July-September period, a record decline of 6.4
percentage points on the same period of last year.

The indicator moved down 5.1 percentage points in the second quarter. The
survey showed 37.9 percent of respondents thought prices of means of
production would rise, up 6.9 percentage points from the April-June
period and nine percentage points from the same period last year.

In a related development, China's banker confidence index hit a record
low at 21 percent for the third quarter of this year, due largely to
increasing worries about possible economic overheating, according to a
questionnaire-based survey jointly conducted by the central bank and the
National Bureau of Statistics.

(For more biz stories, please visit Industry Updates)

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