In the August survey (3–12 August 2020), the CEP indicator fell by 5.6 points to a new level of 26.1 points. The CEP indicator, based on the China Economic Panel (CEP) in cooperation with Fudan University, Shanghai, reflects the economic expectations of international financial market experts for China on a 12-month basis. “The CEP indicator is still quite high, however, and remains well above its historical average of 2.6 points,” says Dr. Michael Schröder, senior researcher in the “International Finance and Financial Management” Research Department at ZEW Mannheim and project leader of the CEP survey.
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