Consumer confidence continues to fall in February

SHANGHAI: Consumer sentiment in China continued to fall in February on mounting uncertainties about the economic outlook and job security, according to market research consulting firm DDMA.

The company's monthly Chinese consumer sentiment index fell by 9 points in February to 91 points, while concerns about the economy increased by 7 percent to 45 percent compared to a month earlier.

The survey, which covered 600 urban Chinese residents across five major cities, including Beijing and Shanghai, showed that over 85 percent of consumers are now worried about the economic outlook, while those who are concerned about their own job security increased by 5 percent to 26 percent.