LINE

Text:AAAPrint
Economy

Consumer confidence index slips during Q1

1
2016-06-01 08:36Global Times Editor: Li Yan

An index measuring Chinese consumer confidence stood at 105 in the first quarter of 2016, a decrease of 2 points from the fourth quarter of 2015, according to the Nielsen Consumer Confidence Index survey, which was released Tuesday.

However, despite the slight drop, China remains one of the world's most confident countries, ranking sixth in the world.

Although China's consumer confidence declined in the first quarter, big swings are not expected because the country's economic fundamentals remain strong and incomes are gradually improving.

"Chinese consumers have moved beyond being able to only afford the basics of life. Their discretionary spending has increased, leading to an increased appetite," said Yan Xuan, president of Nielsen Greater China.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.