Business confidence in China rebounded slightly this month after hitting its lowest since early 2009, as the stock market rallies and Beijing attempts to counter deflationary trends.
The MNI China Business Indicator registered its first month-to-month gain since December, rising from 48.8 in April to 49.7 this month. The result remains below the 50 threshold, however, meaning pessimists outnumber optimists.
MNI, a part of Deutsche Börse Group, surveys 200 companies listed on the Shanghai and Shenzhen stock exchanges. It said the result could be a "tentative sign that the more pro-active policy stance from the authorities seen since the latter part of 2014 could be starting to have an impact."
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