Chinese Business Sentiment Falls Sharply in July

The MNI China Business Sentiment Indicator, a gauge of current business sentiment, slipped back into contraction by falling 8.8% to 48.8 in July from 53.5 in June. In previous months, incremental gains in sentiment have been led by a firming in output and orders. The latest fall in overall sentiment outstripped the declines in the Production and New Orders indicators – although these both also fell significantly – suggesting that other factors, principally uncertainty brought on by the large correction in the stock market, may have played a part. Still, companies did not report a significant impact on their own financial position. For further information click here (VIEW LINK)