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The worst of the slowdown in china may be over, and david inglis is looking at this. Pickup, 50. 8. A it was not a big surprise, because if you look at the range of forecasts from economists, pretty much everyone was expecting we would still see expansion. As high as 51. 5, so i guess you could argue that it is more in line with expectations. This is really a survey, at least for this particular one. A series of questions. How many optimists are there, compared to pessimist . A number above 50 indicates that people are perhaps a little bit more bullish on their own business, so that is what we have for the large enterprises. If you look at the medium sort of companies, mediumsized companies, because that is a critical area right now, we saw a big improvement here. 50. 3 in april, 51. 4, which suggests that some of these measures that beijing put in place over the past several have filtered over. That said, you look at the smallest firms, it is more difficult for these firms, 48 point e

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