Chinese companies were struggling to recover their confidence in the first quarter of this year amid a slowdown in economic growth, according to an index released by the National Bureau of Statistics (NBS) on Monday.
China’s business climate index, a major gauge of the country’s macroeconomic outlook, advanced to 125.6 points Jan.-March, up from 124.4 points in the fourth quarter of 2012.
The Q1 reading marked a recovery for two quarters in a row after the index dipped in Q2 and Q3 last year.
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