China Consumer Confidence Index Remained High in Q2, 2018
China’s Consumer Confidence Index (CCI), released by Nielsen, a global measurement and data analytics company, remained high in the second quarter of this year – the figure shrank to 113 points, a decrease of two points from the previous quarter.
Data from the National Bureau of Statistics showed China’s gross domestic product expanded by 6.7 percent year-on-year, slightly lower than the 6.8 percent from the first three months. But in the first half of 2018, GDP rose by 6.8 percent year-on-year. It indicated that the advance of supply-side structural reform continued to provide impetus to China’s economy, which laid a foundation for steady economic growth and high-level CCI.
Andy Zhao, president of Nielsen China, said: “As the global economic situation becomes more complex, China’s economy remained resilient. The structure and production efficiency of the economy are steadily optimized, and the transformation and upgrading of the economy continues to open new drivers for growth. That laid a solid foundation for high-quality economic development.” Nielsen – Read more…