China: GBA business confidence index 2023

In the fourth quarter of 2023, the Guangdong - Hong Kong - Macao Greater Bay Area Business Confidence Index (GBAI) ranged at 51.4 index points. The index indicated a strong post-COVID recovery in the first quarter.

Guangdong-Hong Kong-Macao Greater Bay Area quarterly Business Confidence Index (GBAI) from 4th quarter 2020 to 4th quarter 2023

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Release date

January 2024

More information

Region

China, Hong Kong, Macau

Survey time period

Q4 2020 to Q4 2023

Number of respondents

1,000+ companies in the GBA

Method of interview

Questionnaire

Supplementary notes

The Greater Bay Area is the Chinese government's scheme linking the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing into an integrated economic and business hub.

The Greater Bay Area Business Confidence Index (GBAI) is based on a quarterly survey of no less than 1,000 enterprises in key business sectors across main cities in the Guangdong-Hong Kong-Macao Greater Bay Area. The index is calculated as an average of eight sub-indices that reflect different aspects of business activity. The index is designed as a diffusion index. An index above 50.0 means that respondents are generally optimistic about the business environment in the current (current index) or upcoming quarter (expectations), while an index below 50.0 indicates predominantly pessimistic sentiment. A value of 50 is neutral.

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