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China businesses less worried about growth

(Agencies)
Updated: 2009-03-11 18:01

Chinese businesses are slightly less worried about the economic outlook and their businesses' prospects than they were three months ago, according to a quarterly survey by the central bank.

The survey of more than 5,500 firms showed that, while businesses saw the economy as being significantly worse in the first quarter than the final three months of 2008, their expectations about growth in the second quarter improved somewhat.

They also saw their own businesses improving in the April-June period, the People's Bank of China said on its website.