Business optimism rises in first quarter
By Hu Yuanyuan | China Daily | Updated: 2014-04-25 06:57
Chinese businesses grew more optimistic in the first quarter about the 12-month economic outlook, suggesting increased confidence, the latest Grant Thornton International Business Report 2014 showed on Thursday.
The index rose 16 percentage points from the previous three-month period to 38 percent, according to the report.
"Despite the economy slowing down in the first quarter, the economic data exceed market expectation and suggest a continued optimization in the industrial structure," said Xu Hua, CEO of Grant Thornton China.
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