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Consumer confidence strengthens in cities
By Pan Xiaoyi |
November 12, 2009, Thursday
|
Online Edition
Online Edition
CONSUMER confidence strengthened in Chinese cities during the third quarter as consumers became more optimistic over the economic outlook after government efforts to avert the economic slowdown began to pay off, a survey showed today.
Meanwhile, consumer expectation of inflation is growing under the continued loose monetary policy, according to the survey by Antai College of Economics and Management from Shanghai Jiaotong University.
The Chinese city consumer confidence index rose to 97 in the third quarter, 2.3 percentage points higher than 94.7 in the second quarter.
The government's massive spending plans brought about steady economic growth, which lifted consumer confidence, said Wang Fanghua, dean of ACEA.
However, inflation fears are growing despite a drop in the consumer price index of 0.5 percent in October, the ninth straight month the gauge has been in negative territory
Meanwhile, consumer expectation of inflation is growing under the continued loose monetary policy, according to the survey by Antai College of Economics and Management from Shanghai Jiaotong University.
The Chinese city consumer confidence index rose to 97 in the third quarter, 2.3 percentage points higher than 94.7 in the second quarter.
The government's massive spending plans brought about steady economic growth, which lifted consumer confidence, said Wang Fanghua, dean of ACEA.
However, inflation fears are growing despite a drop in the consumer price index of 0.5 percent in October, the ninth straight month the gauge has been in negative territory
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