Gan Jie, Professor of Finance and Director of the CKGSB Center on Finance and Economic Growth, has developed a Business Sentiment Index (BSI) to evaluate current economic sentiment in China to balance the government’s official statements. In interview with Korea’s premier national daily, Chosun Ilbo, Professor Gan said that the Chinese economy is now in a state of rebound, and an economic hard landing is increasingly unlikely.
Gan Jie, Professor of Finance at Cheung Kong Graduate School of Business, releases the Business Sentiment Index (BSI), based on a large-sample survey of more than 2,000 industrial firms in China. BSI measures both current and expected operating conditions, as well as investment plans.
The weekly section of Chosun Ilbo featured Professor Gan’s Q1 BSI report. Chosun Ilbo is considered Korea’s premier national daily and the most influential newspaper in Korea. The report quotes Professor Gan as saying that, despite concerns about the bursting of China’s economic bubble, China has now entered a period of rebound, and the possibility of a hard landing has reduced significantly.
Prof. Gan’s study can be summarized as follows:
To read the original article in Korean, please click here.