JPMorgan reports decline in China's business sentiment
By Chen Jia | China Daily | Updated: 2013-02-27 07:33
Sharp drop in Feb index reflects banking, energy sector difficulties
China's economic growth momentum has weakened sharply in February, reflecting seasonal factors and a deterioration in confidence in the banking and energy sectors, according to JPMorgan Chase & Co.
It's Research Analyst Sentiment Index, a leading indicator tracking aggregate company-level performance, registered a sudden drop to 39.4 in February from 57.2 in January.
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