China's business sentiment at 5-year low

FXStreet (Bali) - China's MNI Business Confidence index declined to a 5-year low of 50.2 from 52.2, while the Business Expectations Indicator came at 50.6 from 57.9, posting the lowest since the series began in March 2007.

The MNI survey is one of the first to gauge the economic conditions in China for the month of February. According to MNI: "While the data is seasonally adjusted, accounting for the impact of the Lunar New Year can be difficult. The February and March data in aggregate would provide a clearer guide to the underlying trend."