Rising business confidence bodes well for full-year growth goal

Demand for loans weakens in the second quarter, says PBOC study

More Chinese entrepreneurs and bankers believe the economy slowed in the second quarter than in the first and demand for loans has weakened, a central bank survey showed on Wednesday.

The "heat" reading of the macroeconomy was down 0.6 percentage point quarter-on-quarter and also down 0.4 percentage point year-on-year, according to the People's Bank of China.