Economic confidence levels drop

China's entrepreneurs and bankers are becoming more pessimistic about the country's macroeconomic condition, as growth continues its downward trend, two reports by the central bank revealed on Friday.

An index gauging entrepreneurs' confidence on macroeconomic development dropped to 63.8 percent, 4.2 percentage points lower than last quarter and 3.7 percentage points down on the same period last year, said the People's Bank of China.

Of the 5,000 entrepreneurs across the industrial sector surveyed by the PBOC, 36.4 percent regarded macroeconomic development as weakened, compared to 31.9 percent in the first quarter.