Latest News:  
Beijing   Thundershower/Overcast    29 / 23 ℃  City Forecast

English>>China Business

China's consumer confidence improves slightly in July

(Xinhua)

08:24, August 10, 2012

BEIJING, Aug. 9 (Xinhua) -- Chinese consumers, particularly those with bank cards, were slightly more confident in consumption in July, as inflation eased to the lowest level since February 2010, according to an index released Thursday.

The Bankcard Consumer Confidence Index (BCCI), compiled by the Xinhua News Agency and China UnionPay, a national bank card association, added 0.6point from one year earlier to reach 86.71 points in July.

On a month-on-month basis, the BCCI index edged up 0.04 point, according to the report.

The report said the improved confidence came from declining prices of farm products, more tourism and the country's subsidies to spur sales of home appliance and autos in rural areas.

The consumer price index (CPI), a main gauge of inflation, rose 1.8 percent year on year in July, marking the lowest level since February 2010, the National Bureau of Statistics (NBS) said Thursday.

Retail sales increased 13.1 percent year on year to 1.63 trillion yuan (about 257.15 billion U.S. dollars) in July, the slowest pace since February last year, according to the NBS.

According to the report, an improved liquidity situation and continued consumption stimulus measures will further boost the confidence of consumers using bank cards.

News we recommend:
Has the bear outstayed his welcome? Steel profits continue to suffer China has entered an era of low consumer prices
Lamborghini sees 20-30% rise in supercar sales Ad campaigns are competing hard in London Major lenders broaden horizons and flex financial muscles
US takes trade remedy actions against China  Chinese prefer foreign brands Mascot maker feels pinch of rising labor costs

Email|Print|Comments(Editor:李倩、厉振羽)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Madagascar: Island of bizarre

  2. Joint trainings held to test combat capability

  3. Volcano erupts on New Zealand's North Island

  4. Has the bear outstayed his welcome?

  5. Chinese celebrate "Liqiu" with food

  6. Wall-E brought to life by U.S. robot maker

Most Popular

Opinions

  1. Fearing others' rise offers path to eventual doom
  2. Ocean-lapped Japan wary of China's power
  3. Editorial: Reducing grain loss
  4. Who compels Annan to resign?
  5. How can Japan get rid of sense of frustration?
  6. Review on China's economic situation in first half
  7. Gaza Strip biggest loser of insecurity in Sinai
  8. Editorial: Test for Budget Law
  9. Why U.S. veteran go on shooting rampage?
  10. Officials, you are not above the people

What's happening in China

National Fitness Day celebrated around China

  1. One-child parents get more support
  2. Old views are changing on overseas education
  3. Typhoon chasers use weibo to help public
  4. 2 million on the move as Haikui makes landfall
  5. Drainage systems struggle to cope

China Features

  1. Boxing in China II: A Tale of Two Decades
  2. Fortune 500 Chinese companies not strong
  3. Why Hollywood favores China's actresses?
  4. Dongfeng Honda to recall 76,000 CR-Vs
  5. How to protect yourself during heavy rainstorms?

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai