CKGSB Knowledge - China Business and Economy

A Lack of Confidence

The BSI project is directed by Gan Jie, Professor of Finance at CKGSB

The CKGSB Business Sentiment Index continued to expand slightly in the third quarter of 2019. Real output, on the other hand, contracted, as reflected in production, electricity consumption, domestic and foreign orders, which are mainly driven by private, small and non-state enterprises. Moreover, investment was weak, dropping to its lowest level in four years. Overcapacity was more serious, seeing its highest diffusion index since the survey was launched five years ago.


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