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According to the latest quarterly survey conducted by the People’s Bank of China (PBOC) on Tuesday, the sentiment amongst the Chinese firms and households appeared quite upbeat for the third quarter of this year, as the economy regains its recovery momentum from the coronavirus pandemic.

Key findings

“Q3 business climate index rises 6.6ppts to 49.4%.“

“Income sentiment index rises 3.2ppts to 49.3%.”

“25.1% of households believe housing prices will rise in Q4.”

“35% of bankers in China said monetary policy for the July-September quarter was loose.”