Thursday, December 20, 2007

China Entrepreneur Confidence Falling On Economic Overheating Concerns

BEIJING (XFN-ASIA) - China's central bank said a quarterly survey shows that the country's entrepreneur confidence continued to fall as more entrepreneurs deem the country's economy is getting overheated.

It said that inflationary pressure 'is continuing to grow', with 39.8 pct of respondents saying raw materials prices are increasing, 13.9 percentage points higher from the same period last year and the highest level since March 1997.

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