Confident bankcard holders lift spending
By Ding Yining |
January 13, 2012, Friday
|
Print Edition
Print Edition
AN index that measures confidence of Chinese bankcard holders rose in December for the seventh month, fueled by an increase in spending before the year end, China UnionPay Co said in a report yesterday.
The Bankcard Consumer Confidence Index added 0.03 percentage point from November to 86.72 in December last year, China UnionPay said. The index rose 0.8 percentage point from December 2010.
The country's sole bank card transaction firm said retail stores' sales promotions ahead of New Year's Day and slower inflation in recent months sparked more retail spending.
Spending on home appliances, cars and jewelry climbed over 1 percent from November's, the report said.
China's inflation cooled for the fifth month and the Purchasing Managers Index rose in December for the first time in three months, indicating a recovery in manufacturing activities.
The Bankcard Consumer Confidence Index added 0.03 percentage point from November to 86.72 in December last year, China UnionPay said. The index rose 0.8 percentage point from December 2010.
The country's sole bank card transaction firm said retail stores' sales promotions ahead of New Year's Day and slower inflation in recent months sparked more retail spending.
Spending on home appliances, cars and jewelry climbed over 1 percent from November's, the report said.
China's inflation cooled for the fifth month and the Purchasing Managers Index rose in December for the first time in three months, indicating a recovery in manufacturing activities.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
