Retail in Asia

In Shops

Chinese consumer optimism solid in Q1

China’s consumer confidence in the first quarter was the strongest since 2005, according to a report by the international market research firm Nielson on Thursday.

Nielson’s consumer confidence index in China hit 110 in the first quarter, up from 108 in the previous quarter and the highest since 2005, said a company’s statement.

China’s index also ranked the fourth highest among the 56 countries and regions surveyed by Nielson while India topped the list, the statement said.

(Source: Shanghai Daily)