Chinese manufacturers optimistic about economic growth: survey

(Xinhua)
Updated: 2009-11-25 21:51

BEIJING: A survey published here Wednesday showed that Chinese manufacturers are more optimistic about China's economic development than about the world economy.

About one-third of 2,067 Chinese manufacturers surveyed hold that the country's economy has walked out of "winter" and is already on the track of growth, compared to only 15 percent who said the world economy is back to growth, the survey revealed.

It also found 53 percent of the respondents think the country's economy would maintain the status quo, and yet another 13 percent hold the economy is yet to see worse times.

Survey samples include capital-intensive enterprises in the economically-developed Pearl River Delta and Yangtze River Delta regions as well as those in the central and less-developed western regions of the country. These enterprises are engaged in industries covering telecommunications equipment, electronics, electric and machinery, garment, paper-making and printing.

Nearly 70 percent of them think the world economy would not show an obvious turn for the better in a short time, the survey shows.

China's economic growth for this year has seen quarter-on-quarter rises. It grew 6.1 percent in the first quarter year on year, 7.9 percent in the second, and 8.9 percent in the third quarter, according to official figures.

The survey was jointly carried out by the World Executive's Digest magazine of the Global Resources, a business information provider, the Chinese Academy of Social Sciences industrial economy institute, and the China industry and enterprises competitiveness research center.