China's Consumer Confidence Supports Economic Growth

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Last updated at: (Beijing Time) Wednesday, January 09, 2002

China's Consumer Confidence Supports Economic Growth

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In December, 2001, the Chinese consumer confidence index rose to 97.1 points from the November figure 96.9 points, ending a successive four-month drop, according to the National Bureau of Statistics Wednesday.

The increase showed that Chinese consumers are still confident in the development of the country's economy.

The NBS report says that the consumer satisfaction index in China moved up at the end of 2001, compared with early 2001. The consumer satisfaction indexes last January, June and December were 94.9 points, 96.3 points and 96.4 points, respectively.

The report attributes the growing of Chinese consumer satisfaction index to the government's measures in 2001 to increase Chinese residents' income and protect their rights and interests.

In addition, Beijing's successful bid for the 2008 Olympic Games and China's WTO entry last year also increased consumer confidence.

In 2001, Chinese consumers' consumption remained stable, though its stock market once showed some diturbance and the Chinese economy was affected by the world economic slowdown.

The report shows that the strong consumer confidence index in 2001 was generally commanding a high position around 97 points.

The climbing of last year's consumption index showed that the Chinese consumer confidence supported the country's consumption, and then boosted the national economic growth, says the report.

China's Consumer Confidence Remains High