SEB’s China Financial Index shows confidence is gradually picking up
SEB's China Financial Index, which measures the business outlook among northern European companies' subsidiaries in China, increased to 57.8 in May from 55.8 in December last year and 54.9 one year ago. After China lifted almost all of its Covid-19 containment measures, the positive recovery in the business outlook continued during the spring, and companies are now expecting both order intake and profits to rise over the next six months. At the same time, investment and staffing are under pressure due to concerns about customer demand, competition and geopolitics. The spring edition of