Stocks close mixed on market expansion pressure
Updated: 2007-09-21 16:12
China's Entrepreneur Confidence Index continued to fall in the third quarter of this year, with increasing worries about probable overheating of the national economy. The survey, conducted by the People's Bank of China on the basis of 5,635 questionnaires, found that the index stood at 77 percent in the July-September period, a record decline of 6.4 percentage points on the same period of last year.
The indicator moved down 5.1 percentage points in the second quarter. The survey showed 37.9 percent of respondents thought prices of means of production would rise, up 6.9 percentage points from the April-June period and nine percentage points from the same period last year.
In a related development, China's banker confidence index hit a record low at 21 percent for the third quarter of this year, due largely to increasing worries about possible economic overheating, according to a questionnaire-based survey jointly conducted by the central bank and the National Bureau of Statistics.
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