In the current May survey (11–20 May 2020), the CEP indicator falls by 21.7 points to a value of 14.8 points, largely reversing last month’s 25.4-point increase. The CEP indicator, based on the China Economic Panel (CEP) in cooperation with Fudan University, Shanghai, reflects the economic expectations of international financial market experts for China on a 12-month basis. “The strong fluctuations of the CEP indicator observed in recent months show that experts are currently very uncertain about the future development of the Chinese economy,” says Dr. Michael Schröder, project manager of the CEP survey and senior researcher in the ZEW
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