BIZCHINA / Center
Higher Chinese consumer confidence
(Xinhua)
Updated: 2006-09-28 09:33
Chinese consumers are more confident than their counterparts in the
United States according to a market research consulting company.
The U.S.-based Michigan Consulting Group released the survey findings on
Tuesday in Shanghai.
According to the survey, conducted in the third quarter of the year, the
consumer confidence index in China stood at 106.9, while in the United
States it was 82.0.
Stronger consumer confidence indicates that consumerism is likely to
contribute more to China's gross domestic product, company sources said.
The survey questioned 3,000 Chinese families selected from 29 provinces,
autonomous regions and municipalities.
The findings show that consumers from Changsha, Shenzhen, Hohhot, Xiamen,
Qingdao and Shanghai cities were more confident, while those from
Hangzhou, Nanjing, Dalian and Shi Jiazhuang cities were relatively less
confident. The consumer confidence index in Beijing, Guangzhou,
Chongqing, Chengdu and Harbin cities stood between the two groups.
(For more biz stories, please visit Industry Updates)
Alibaba is the largest B2B marketplace in the world. Source model ship,
wooden puzzle, one-piece toilet, RC hovercraft, photo album, prom dress,
pocket bike, Vaginal Speculum, Samurai Sword, String Panty and PVC Pipe.
Learn Mandarin online
