Shanghai’s consumer and investor confidence rises

Updated 2017-10-17 14:31:54 Shanghai Daily

Shanghai's consumer confidence index hit a record high and investor confidence rose in the third quarter, buoyed by the steady growth of the national economy.

The Index of Consumer Confidence in Shanghai, a quarterly gauge compiled by Shanghai University of Finance and Economics, rebounded 3.8 points from the second quarter to 121.4 points in the July-September period, up 5.1 points from the level in the same period last year.

The Index of Investor Confidence in Shanghai rose by 13.30 points from the second quarter to 116.95 points in the July-September period, a year-on-year growth of 12.44 points.

A reading above 100 points indicates optimism.

"Shanghai's economy grew steadily as shown by the recovering economic indicators, giving a boost to consumers while the positive employment situation also lifted their optimism," said Xu Guoxiang, director of the university's Applied Statistics Research Center.

"The positive influence of the supply-side reforms and the global cyclical economic recovery boosted the Purchasing Manager's Index and helped it rise for two months, hitting a new high since May 2012," Xu said. "The real economy has improved significantly and vitality enhanced, lifting entrepreneurial confidence to invest."

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58November 23 2017 00:21:26

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 12:16November 23 2017 00:21:26

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18November 23 2017 00:21:26

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