Consumer confidence climbs in Q1

Updated 2017-05-24 09:01:39 Shanghai Daily

China's consumer confidence climbed to the highest level in two years, edging up 2 points from a quarter earlier to 110 points at the end of the first quarter, Nielsen said in a report yesterday.

The rebound of the Nielsen's Consumer Confidence Index suggests a recovery of consumer confidence along with the stable growth of individual income.

"China's consumption upgrade trend has fueled people's spending intentions," said Vishal Bali, managing director of Nielsen China. "When people's basic needs such as food, clothing and transportation have been satisfied, the consumption upgrading will aim at high-end development and services and this trend will further stimulate spending intentions."

Bali said employment opportunities and personal financial situation "are translating into demand for premium pro-ducts and services."

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 21 2017 12:48:46

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 21 2017 12:48:46

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 21 2017 12:48:46

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords