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Bankcard holders more optimistic about economy
By Ding Yining |
January 11, 2013, Friday
|
Online Edition
Online Edition
CONFIDENCE among Chinese bankcard holders increased for a third consecutive month in December due to a stabilizing domestic economy and higher spending ahead of the New Year's Day holiday.
The Bankcard Consumer Confidence Index in December edged up 0.05 from November to 86.68, according to a report released today by China UnionPay, the country's sole bankcard transaction firm.
Non-daily necessities spending gained. This was led by purchases of home appliances and leisure spending.
Home appliance retailers saw transactions rise 0.82 percent in December from a month ago.
Spending at supermarkets and retail chain stores dipped 0.03 percent from a month ago despite rising inflation.
The central government's efforts to boost domestic demand and stabilize the economy could help boost consumer confidence in the near term, UnionPay said.
The Bankcard Consumer Confidence Index in December edged up 0.05 from November to 86.68, according to a report released today by China UnionPay, the country's sole bankcard transaction firm.
Non-daily necessities spending gained. This was led by purchases of home appliances and leisure spending.
Home appliance retailers saw transactions rise 0.82 percent in December from a month ago.
Spending at supermarkets and retail chain stores dipped 0.03 percent from a month ago despite rising inflation.
The central government's efforts to boost domestic demand and stabilize the economy could help boost consumer confidence in the near term, UnionPay said.
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