China Economic Panel (CEP) by ZEW and Fudan University - Slight Decline of Economic Expectations for China Once More
China Economic PanelIn the current survey (January 20 to February 10, 2014) the CEP Indicator of Economic Sentiment for China has slightly worsened by 3.7 points reaching a value of 20.7 points. The CEP indicator captures the expectations of financial market experts regarding the economic development in China over the course of the next twelve months. Still, the majority of the surveyed experts assume economic conditions to improve further.
With respect to China's current economic situation the experts are a bit less optimistic. Compared to last month’s survey the CEP indicator decreased by 2.5 points, reaching a value of 10.0 points.
For the current year analysts expect the Chinese gross domestic product (GDP) to grow by 7.4 percent. The expectations for the development of all Chinese business sectors are positive over the next twelve months, whereas the expectations for the information and telecommunications system business and electrical industry are the most positive.
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Dr. Gunnar Lang, Tel.: +49 (0)621-1235-372, Email: lang@zew.de