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China: Consumer confidence rose in Q4 09

China: Consumer confidence rose in Q4 09

Write: Laban [2011-05-20]

China's consumer confidence index (CCI) rose to 103.9 in the fourth quarter last year, up 3.1% from the previous quarter due to consumers' optimism in the country's economic outlook, according to the National Bureau of Statistics.

About 80% of interviewees were positive towards the country's macroeconomic situation, an increase of 36% from the third quarter.

The report revealed that personal income and health remained top concerns, with 43% f respondents saying they paid close attention to the issue of personal income. Some 68% of respondents expected price rises this year.

The CCI measures consumers' opinions on employment, the economy, regular income, the stock market and quality of life.