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    China Daily Website

    Business Climate Index Rises in Q1

    Updated: 2013-04-19 10:23
    ( chinadaily.com.cn)

    National Business Climate Survey results show that the business climate index (BCI) was 125.6 in the first quarter of 2013, an increase of 1.2 points quarter-on-quarter. The current BCI that reflects the current state of the business climate was 119.0, down by 5.1 points quarter-on-quarter. The expected BCI that reflects the anticipation of the future business climate was 129.9, up by 5.3 points quarter-on-quarter. In the first quarter, the entrepreneur expectation index (ECI) was 122.4, up by 2.0 points quarter-on-quarter, and 3.2 points lower than the BCI.

    Business Climate Index Rises in Q1

    As a reflection of the current and expected state of the business climate, although the BCI increased slightly over that in the fourth quarter of last year, it decreased 1.7 points over the same period last year, and the ECI was still significantly lower than the BCI, showing that the prosperity level of enterprises was lower over the same period last year, the state of prosperity was mild, and the entrepreneur confidence was still recovering.
    In terms of different industries, the BCIs of the information transmission, software and IT services; construction; manufacturing; wholesale and retail trade; social services; real estate; transportation, storage and postal; lodging and catering were 140.6, 134.4, 131.7, 124.9, 122.6, 115.3, 113.8, and 79.8 respectively. Compared with the results of the fourth quarter last year, the BCIs of the construction, manufacturing, real estate and social services industries rose by 10.0, 7.6, 1.5 and 0.4 points respectively. The lodging and catering; wholesale and retail trade; transportation, storage and postal; and information transmission, software and IT services industry declined 37.7,7.0, 4.3 and 3.8 points respectively.
    In terms of industry sub-branches, the BCIs of the production and supply of electricity, heat, gas and water; manufacturing, and mining industry were 138.9, 132.9 and 106.8 points respectively. Industries with high prosperity and BCIs above 140, in descending order, were the pharmaceutical; tobacco; beverage; food, measuring instrument and meter, and automobile industry. The petroleum processing industry saw low prosperity, with the BCI in a recession (the sentiment index was less than 100). Compared with the results of the fourth quarter last year, the prosperity levels of steel; non-ferrous metals; electronic products; general-purpose machinery manufacturing, and special-purpose machinery rose significantly, that of tobacco dropped a lot.

    Business Climate Index Rises in Q1

    In terms of different types of registration, the BCIs of state-owned enterprises, collective-owned enterprises, joint-stock cooperative enterprises, joint ventures, limited liability companies, cooperation limited, private enterprises, enterprises with funds from Hong Kong, Macao, and Taiwan, and foreign funded enterprises was 130.0, 112.8, 123.1, 114.5, 122.6, 133.7, 118.3, 127.9 and 126.5 points in the first quarter respectively. Compared with the results of the fourth quarter last year, the BCIs of joint ventures; enterprises with funds from Hong Kong, Macao, and Taiwan; foreign funded enterprises; joint-stock cooperative enterprises; collective-owned enterprises; limited liability companies; state-owned enterprises, and cooperation limited rose by 8.9, 7.4, 4.5, 4.5, 3.5, 1.3, 0.8 and 0.1 points respectively; that of private enterprises dropped 1.0 points.

     
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