Bankcard holders display greater confidence
Source: Xinhua |
February 11, 2010, Thursday
|
Print Edition
Print Edition
THE index measuring consumer confidence of Chinese bankcard holders rose in January from a year earlier, according to a joint report by China Unionpay and Xinhua news agency.
The Bankcard Consumer Confidence Index stood at 86.81 in January, 2.44 points higher from the same period last year, and stayed at basically the same level as December 2009, the report said.
The increasing consumer confidence mainly stemmed from China's steadily improving macro-economic conditions, the report said.
China's economy resumed a double-digital growth in the fourth quarter of last year, pushing the annual figure to 8.7 percent and beat the government target of 8 percent.
The index also got a boost from a rise of 9.1 million urban jobs and an income rise of higher than 8 percent for urban and rural residents in 2009, according to the report.
The report also attributed the rising confidence to people's growing demand during the New Year and the approaching Spring Festival, which falls on Sunday.
The Bankcard Consumer Confidence Index stood at 86.81 in January, 2.44 points higher from the same period last year, and stayed at basically the same level as December 2009, the report said.
The increasing consumer confidence mainly stemmed from China's steadily improving macro-economic conditions, the report said.
China's economy resumed a double-digital growth in the fourth quarter of last year, pushing the annual figure to 8.7 percent and beat the government target of 8 percent.
The index also got a boost from a rise of 9.1 million urban jobs and an income rise of higher than 8 percent for urban and rural residents in 2009, according to the report.
The report also attributed the rising confidence to people's growing demand during the New Year and the approaching Spring Festival, which falls on Sunday.
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