Bankers confident about future growth

Tweet

Chinese bankers are confident about the country's future economic growth and are satisfied with the government's monetary policies, an investigation has revealed. A survey of 2,800 banking institutions put the Bankers' Confidence Index at 82.4 per cent, the highest since the survey was started by the People's Bank of China (PBOC), the central bank, at the beginning of last year. Of the surveyed bankers, who are presidents of both local and foreign banks and senior managers at provincial and city level subsidiaries, 82.6 per cent said they believed the performance of the economy was "normal" in the first quarter. Some 80.1 per cent predicted normal economic growth over the next three months. "This positive judgement is not only a recognition of last year's macroeconomic performance, but an expression of confidence in the national economy's health and stability," the PBOC said in a report published on Friday.