A key measure of CEO confidence in China signaled pessimism for the first time since the pandemic even after the nation unleashed a raft of stimulus measures.
Sentiment among the country heads of mostly American and European companies dropped to 49, down from 56 in the previous six months, according to a survey by the Conference Board, a think tank headquartered in the US. A reading above 50 signals optimism, and a figure below that pessimism.
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