China's Business Climate Index dropped to 133.8 in the first quarter of this year, from a three-year high of 138 in the last quarter of 2010, says the National Bureau of Statistics (NBS).
The index, a main gauge of corporate performance in China, still shows signs of economic growth, says the NBS. A reading above 100 indicates economic expansion, while one below 100 suggests contraction.
The NBS sub-index for the real estate industry decreased the most among all surveyed sectors to 135.3 in the first three months, from 148.4 in the fourth quarter of last year.
Another business performance indicator, the Index of Entrepreneur Confidence, was also released by the NBS. The figure for the first quarter was 137.4, unchanged from the last three months of 2010.
Entrepreneur confidence dropped the most in the real estate industry to 112.3, but rose in the retail and social services sectors, said the NBS.
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