Business sentiment jumps in China

From the Financial Times: "Looser policy from the People's of China has helped to stabilise retail sales, industrial output and the property market. Now it's given a boost to business sentiment. The MNI China Business Indicator jumped 7.6 per cent in June to 53.5, its highest level since January. A score above 50 suggests optimism. MNI, a part of Deutsche Börse Group, surveys 200 companies listed on the Shanghai and Shenzhen stock exchanges. It suggests the results are a clear sign the pro-active policies from Beijing are having an impact." However, Philip Uglow, chief economist of MNI Indicators, has warned against being overly positive saying that disinflationary forces are still present in the economy with input prices and prices received still declining.