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China's Bankers Are Most Upbeat on the Economy in 12 Years

Shanghai
Photographer: Qilai Shen/Bloomberg
Updated on

China’s bankers are more confident in the economy than any time since 2006, even as more characterize monetary policy conditions as being tight, a central bank survey shows.

A gauge of banker confidence in the economy rose for a ninth-straight quarter to 81.9 percent in January-March, according to survey results from the People’s Bank of China. That’s up from 79.1 percent the prior quarter and near a record high in data since 2004, according to PBOC’s survey of 3,200 bankers across the nation.