Business confidence sinks in Beijing

Chinas Entrepreneur Confidence Falls In Q4 Beijing
Meanwhile, the entrepreneur confidence index, a gauge of the views and opinions of the country’s entrepreneurs, fell 7.4 points to 122 in the last quarter of 2011, the NBS said.
Within the national measure, 38.7 per cent of respondents polled in the Westpac-Melbourne institute confidence index see home prices rising in the next 12 months, while 31.5 per cent saw them unchanged.
Housing prices in China declined for the first time this year, according to a private index, and Beijing cut government-controlled fuel prices in response to tumbling global oil prices, two welcome developments in the country’s battle against inflationary pressures.
Entrepreneur confidence in the real estate sector slid for seven consecutive quarters, plunging 18.4 points to 81.5 in the fourth quarter after falling below the boom-or-bust line of 100 in the third quarter of 2011.

This Chinese article also discusses home prices and says price declines should accelerate in 2012. No surprise there. 房产行业企业家信心低迷 北京楼市拐点已经明确.

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