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Chinese business sentiment forecasts bleak future

Chinese business sentiment pulled back this month according to a closely-watched survey - and executives expect business to remain in the doldrums for the foreseeable future.

The MNI China Business Indicator showed sentiment fell in September, dropping 8.4 per cent to 51.3, a level last seen in July amid China's stock market turmoil. August's reading, meanwhile, was revised to 56, down from the originally-stated 57.1.

But the worst news was that concerning future expectations. The indicator for this fell 11.8 per cent to 52.1, the lowest reading since the survey began in 2007.

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