omniture

Xinhua Finance/MNI China Business Survey: Sentiment Stable at High Level in August

Xinhua Finance
2007-08-31 10:26 654

SHANGHAI, China, Aug. 31 /Xinhua-PRNewswire/ -- Xinhua Finance Limited ("Xinhua Finance"; TSE Mothers: 9399) and Market News International (MNI), a part of the news service line of Xinhua Finance, today announced the August Xinhua Finance/MNI China Business Sentiment Survey. The results of the survey show conditions in August remained stable at the high levels seen the previous two months.

(Logo: http://www.prnasia.com/sa/200702151700.gif )

There was very little change in either current conditions or future expectations in August, with both remaining strongly in positive territory.

While both current conditions and expectations indices were below levels seen in the first half the year, this is largely explained by the sharp rise in the number of respondents moving from reporting improving conditions to reporting no change. The number reporting a deterioration in either current conditions or future expectations remained very small.

Price pressures were a major theme in the August results, underscoring pressures that the Chinese government faces in keeping inflation under control.

The monthly survey of 148 companies was conducted August 9-28 and comes amid rising interest rates and other measures imposed by the government to slow what some say is an overheating economy.

Since its inception in January, 2005, the survey has accurately tracked and predicted overall Chinese economic conditions, providing important intelligence ahead of government data. The survey has been especially important in indicating turnarounds in the economy, such as last summer’s slowdown or the pickup in activity seen since last fall.

To receive a full version of the survey, or to find out more about Xinhua Finance and Market News International, please contact us via mni@xinhuafinance.com .

Notes to Editors:

About Xinhua Finance Limited

Xinhua Finance Limited ("XFL") is China’s premier financial information and media service provider and is listed on the Mothers Board of the Tokyo Stock Exchange (symbol: 9399) (OTC ADRs: XHFNY). Bridging China’s financial markets and the world, Xinhua Finance’s proprietary content platform, comprising Indices, Ratings, Financial News, and Investor Relations, serves financial institutions, corporations and re-distributors worldwide. Through its subsidiary Xinhua Finance Media Limited (Nasdaq: XFML), XFL leverages its content across multiple distribution channels in China including television, radio, newspaper, magazine and outdoor media. Founded in November 1999, XFL is headquartered in Shanghai, with offices and news bureaus spanning 11 countries worldwide.

For more information, please visit http://www.xinhuafinance.com .

About Market News International

Market News International (MNI), a Xinhua Finance company ( www.xinhuafinance.com ), is a financial news and information company dedicated to the global fixed income and foreign exchange markets. MNI joined the Xinhua Finance family in March 2004, bringing its niche expertise and extensive distribution network. Headquartered in New York, MNI has news bureaus and offices throughout the US, Europe and Asia.

With more than twenty years of history, MNI is a fully accredited news agency providing focused, timely, relevant and critical intelligence for market professionals. Its press credentials are accepted by all operations of the U.S. Government, including the White House, the Federal Reserve, both houses of Congress, all major agencies and cabinet departments, all similar government operations in the G-7 countries, as well as by supranational organizations such as the World Bank and the International Monetary Fund.

Source: Xinhua Finance
Keywords: Food/Beverages
collection