Foreign CEOs confidence in China falls


The survey underscores the lingering worries about China’s economy this year. — Bloomberg

BEIJING: A key measure of chief executive officer (CEO) confidence in China has signalled pessimism for the first time since the pandemic even after the nation unleashed a raft of stimulus measures.

Sentiment among the country heads of mostly American and European companies dropped to 49, down from 56 in the previous six months, according to a survey by the Conference Board, a think tank headquartered in the United States.

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