Economic confidence in China rebounded strongly in the third quarter to reach a new all-time high, according to the Global Economic Conditions Survey: Q3, 2017 (the Q3 2017 GECS) carried out jointly by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA).

This boom in confidence is consistent with the hard data, which shows the economy holding up well and being supported by rapid credit growth, strong exports and resilient private consumption.

From a global perspective, economic confidence improved slightly and is now at its second highest level in over two years. The Q3 2017 GECS indicates that the world economic recovery is gathering momentum, according to Narayanan Vaidyanathan, senior business analyst of ACCA.

GECS is the largest regular economic survey of accountants around the world, in terms of both the number of respondents and the range of economic variables it monitors.

Fieldwork for the Q3 2017 GECS took place between Sept. 1-18, and attracted1,277 responses from ACCA and IMA members around the world, including more than 114 CFOs.

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