Con­sumer Con­fi­dence

Beijing Review - - THIS WEEK ECONOMY -

China’s con­sumer con­fi­dence re­mained high in the sec­ond quar­ter of the year, ac­cord­ing to a re­search re­port by global mea­sure­ment and data an­a­lyt­ics com­pany Nielsen.

The coun­try’s Con­sumer Con­fi­dence In­dex (CCI) stood at 113 points be­tween April and June, down two points from the pre­vi­ous quar­ter, but still well above the base­line of 100 that de­mar­cates op­ti­mism and pes­simism.

Andy Zhao, Pres­i­dent of Nielsen China, saw a re­silient Chi­nese econ­omy de­spite a more com­plex global eco­nomic sit­u­a­tion.

“The struc­ture and pro­duc­tion ef­fi­ciency of the econ­omy are steadily op­ti­miz­ing, and the trans­for­ma­tion and up­grad­ing of the econ­omy con­tinue to open new driv­ers for growth. That laid a solid foun­da­tion for high-qual­ity eco­nomic de­vel­op­ment,” he said.

Nielsen’s CCI mea­sures per­cep­tions of lo­cal job prospects, per­sonal fi­nance and will­ing­ness to make pur­chases.

All three com­po­nents of the CCI re­mained high in the sec­ond quar­ter, with lo­cal job prospects climb­ing seven points from 68 points in the same pe­riod last year.

The will­ing­ness to spend in­creased four points from 56 points a year ear­lier, while per­sonal fi­nance in the sec­ond quar­ter stood at 68 points.

In the first seven months of the year, China’s re­tail sales ex­panded 9.3 per­cent year on year, com­pared with 9.4-per­cent growth in the first half, data showed.

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