Retail in Asia

In Shops

Chinese consumer confidence rises strongly in Jun

Confidence in China’s real estate and stock markets as well as car-purchase decision strengthened in June as consumers reacted positively to the interest rate cut and the government’s economic stimulus measures.

The MNI China Consumer Sentiment Indicator published on Tuesday by Market News International, a unit of Deutsche Boerse Group, pointed to a strong rebound in consumer confidence in June from the previous month.

The index rose to 101.6 points in June from May’s 90.4, and was the highest in 22 months, according to MNI’s report.

(Source: Shanghai Daily )