Skip to content

Swiss firms in China losing confidence in business success, study shows

Swiss firms in China losing confidence in business success, study shows
Dino Kurbegovic

Fund managers across the globe are either hoarding cash or buying up put options in an attempt to stay one step ahead of the volatile markets. It seems that the maximum bearish sentiment is prevailing in the markets as short-term pain for risk assets looks to be in play yet again.  

Additionally, the sentiment surrounding China seems to be souring as well, in part due to the housing crisis that has been rocking the nation but also due to the economic slowdown partially caused by their zero-Covid policy. 

Meanwhile, a survey undertaken by Swiss businesses in China indicated the speed at which business confidence dropped from the highest ever in the first six months of 2022 to now the lowest. A drop from 7.4 points indicating ‘confident’ to now 5.9 points indicating ‘neutral.’

Swiss businesses in China confidence levels. Source: Twitter

The survey highlighted areas of contention if the development of their businesses would take a positive turn, and they include China’s national and industrial policies, growth in domestic consumption, China’s relationship with Western countries, especially the US, and further reforms to open up the economy.

Additional surveys

In a recent Bank of America (NYSE: BAC) survey, roughly 70% of fund managers indicated that they see Chinese GDP growth slow to 4% or less, while just last month this number was at 57% of respondents.

BofA Global fund manager survey. Source: Twitter 

Bracing for impact 

Furthermore, a recent survey conducted by Bloomberg exhibited that China’s economy will likely expand by 3.5%, with some banks believing that even this growth is too optimistic and will be difficult to reach. Economic data from China which is due to come out on September 16, will reveal whether analysts were right in predicting a larger slowdown in the Chinese economy. 

Though the country’s government did show the necessary zest to step up and bail out the economy, more is apparently needed if the economy is to reach its lofty growth goals. From the real estate sector, youth unemployment, and mobile phone sales, China will need its government to step up now more than ever. 

Buy stocks now with Interactive Brokers – the most advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.    

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.