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Manufacturing optimism rises in China

02 Apr 2015

The results of a survey of Chinese entrepreneurs show that the income of the industrial and service sectors in China are expected to increase in 2015. The survey, conducted by the global financial information institute Markit, said that the number of companies whose business has increased in China rose from 26% in October last year to 30% in February 2015.

The latest statistic is higher than contemporary growing markets like Brazil, Russia and India (averaging at 28%) as well as the global average (27%).

Markit surveyed that lower raw material costs, higher client demand for Chinese products/services, cuts in interest rates and lower bank reserve requirements all aid in China’s growth.

However, state policy changes, rising employee costs and exchange rate fluctuations are factors that can restrict business growth.

View the original article here.