Xinhua Finance and Market News International (MNI), a part of the news service line of Xinhua Finance, announced the April Xinhua Finance/MNI China business sentiment survey. The results of the survey suggest that Chinese companies are continuing to see booming growth conditions and, despite warnings of more government tightening measures, they remain confident strong growth will continue.

Indexes measuring sentiment for current and future business conditions hit record highs in the April survey, while the indexes on employment, production, inventories and prices received were also all at or near record highs.

The monthly survey, which was conducted April 9-24, builds on an upswing in sentiment seen towards the end of last year and, more strikingly, at the start of 2007. April's is the fourth straight month of generally improved survey findings and comes amid a broad reacceleration in economic activity in China following a moderate slowdown in the second half of last year.

Since its inception in January, 2005, the survey has accurately tracked and predicted overall Chinese economic conditions, providing important intelligence ahead of government data. The survey has been especially important in indicating turnarounds in the economy, such as last summer slowdown or the pickup in activity seen since last fall.