Latest News:  


Shanghai consumers turn more confident in Q1

By Wang Yanlin  (Shanghai Daily)

09:02, April 11, 2013

CONSUMER confidence in Shanghai rose slightly in the first quarter of this year thanks to the city's faster economic recovery compared with elsewhere in the country, a survey showed today.

The Index of Consumer Sentiment increased 1.9 points from a year earlier to 106.8 in the first three months, indicating increasing optimism among local residents, a survey by Shanghai University of Finance and Economics showed.

A reading above 100 means positive sentiment among nearly 1,000 people interviewed.

"Consumers are cheered up by the determination of China's new leadership to sustain the economic growth while improving its growth quality," said Xu Guoxiang, program leader and director of the university's Applied Statistics Research Center.

Also, Shanghai was among the first batch of cities which exhibited signs of economic recovery that helped boost local people's confidence, Xu added.

Shanghai's gross domestic product expanded 7.5 percent year on year in 2012, compared with the increase of 7.4 percent in the first three quarters of last year, according to the Shanghai Statistics Bureau.

Shanghai led other cities in securing an economic recovery, reflected by faster growth since the third quarter of last year.

We Recommend:

Photo Story: Bittersweet life of auto model

Top 10 richest people in Beijing 2013

34th Bangkok Int'l Motor Show to kick off

Beijing’s second-oldest McDonald outlet closed

Top 10 world's youngest billionaires 2013

China's solar giant declares bankruptcy

Email|Print|Comments(Editor:WangXin、Chen Lidan)

Leave your comment0 comments

  1. Name


Selections for you

  1. Soldiers in hard military training

  2. Chinese navy's J-10 fighters take off

  3. Milan International Furniture Fair kicks off

  4. Handicraft fans annual value tops 100 million yuan

  5. China reports total of 28 H7N9 cases

  6. Firefighters working to extinguish forest fire

  7. An old town on the tea-horse road--Du Kezong

  8. Buddha halls at China's Baima Temple

  9. Stunning models at Bangkok Auto Show

  10. China's inflation drops from 10-month high

Most Popular


  1. New media trend for Chinese language study in US
  2. Follow-up work needed for yuan's going global
  3. Boao Forum for Asia makes China, world closer
  4. Devoted to a life defending nation
  5. Errors in urbanization must be avoided
  6. What kind of public diplomacy does China need?
  7. Today's youths will prove their mettle
  8. Chinese spend less on hotels, still flash the cash
  9. Soros upbeat on China's economic transformation
  10. Chinese innovations to benefit the world: Bill Gates

What’s happening in China

Flu TCM: just a placebo?

  1. Flight to Beijing delayed after bomb hoax
  2. Pudong bank robber on the run
  3. 5 dead, 20 injured in N China collision
  4. 3 detained for spreading H7N9 rumor in SW China
  5. Bottled Nongfu mineral water faces safety concern