Survey: Businesses cautiously optimistic about economy

Businesses in China are cautiously optimistic for 2019 despite facing several uncertainties and challenges, as tax reform, innovation and technology policies will continue to sustain the economy, a recent survey said.

More than 60 percent of the respondents in the latest China Economic Survey conducted by CPA Australia, a leading professional accounting body, believed that China would maintain stable economic growth of above 6 percent this year, despite the uncertainties from trade disputes, Brexit and rising US interest rates.

The survey tracked responses from 220 finance and accounting professionals who work for listed companies, multinationals, private enterprises and government departments.