China Bankcard Consumer Confidence Index up 2.67 in April on economic optimism

08:05, May 10, 2010      

Email | Print | Subscribe | Comments | Forum 

Chinese bankcard holders' were increasingly willing to spend in April as optimism about the Chinese economy grew, the latest consumer confidence figures showed Sunday.

The Bankcard Consumer Confidence Index (BCCI) stood at 86.80 in April, up 2.67 year on year but slightly lower than the record high of 86.89 in March.

The Chinese economy recovered with increased demand, industrial output, employment and imports in April.

Moreover, measures to cool China's overheated property market also boosted consumer confidence, the report said.

Many bankcard holders were willing to spend on discretionary items during the many sales campaigns ahead of the Labor Day holidays from May 1 to 3, the report said.

The BCCI index is compiled by Xinhua News Agency and China UnionPay, a national bankcard association.

They jointly started compiling the index in April 2009 based on bankcard transaction data and analysis of structural changes in urban consumption.

Source: Xinhua

(Editor:黄硕)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion