SEB's China Financial Index: Surprising bounce-back in business confidence
· More than half of corporates surveyed expect order intake to increase during the next 6 months · Hiring and profits are up but expansion plans remain flat · Companies view customer demand and competition as biggest concerns · Lower salary level increases · Clear majority of respondents expect Chinese yuan to continue depreciating Survey results from our Nordic and German corporates unexpectedly delivered a positive business outlook for China, rebounding in terms of staffing, profits and sales from the last survey. SEB's China Financial Index increases in September to 58.6