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August 6, 2016

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Consumer confidence gains in Q2 on stability

CHINESE consumers displayed rising confidence in the second quarter amid a steady growth in China’s economy, according to the Nielsen Consumer Confidence Index yesterday.

The index gained one point to 106 in the April-to-June quarter while the global Consumer Confidence Index remained flat at 98 points in the three-month period.

Chinese consumers were more optimistic about job prospects and personal finance during the first half of 2016 than half a year ago, the quarterly survey of 3,500 domestic respondents said.

As high as 59 percent of the respondents believed their job prospects are excellent or good, up 3 percentage points.

“This trend is set to continue as China’s economic development is stable, while people’s rising income and their willingness to spend in small and medium-sized cities are steadily growing,” said Yan Xuan, president of Nielsen China.

But 49 percent of households preferred not to raise consumption.


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