Consumer confidence surges in Q1
By Hu Yuanyuan | China Daily | Updated: 2017-05-24 07:16
China's consumer confidence index in the first quarter hit the highest score since 2015, buoyed by an improved macroeconomy and surging consumption power, Nielsen's latest survey showed on Tuesday.
The latest figure, which stood at 110, is up two points from the previous quarter, suggesting that along with the stable growth in individual incomes, Chinese consumer confidence is continuing to rise. It also points to the overall steady growth of China's economy.
According to the National Bureau of Statistics, the country's GDP growth was 6.9 percent in the first quarter, higher than most economists' expectations and 0.1 percentage point higher than in the last quarter of 2016.
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