Consumer confidence improves slightly in July
Updated: 2012-08-10 09:25
(Xinhua)
|
||||||||
BEIJING -- Chinese consumers, particularly those with bank cards, were slightly more confident in consumption in July, as inflation eased to the lowest level since February 2010, according to an index released Thursday.
The Bankcard Consumer Confidence Index, compiled by the Xinhua News Agency and China UnionPay, a national bank card association, added 0.6 point from one year earlier to reach 86.71 points in July.
On a month-on-month basis, the BCCI index edged up 0.04 point, according to the report.
The report said the improved confidence came from declining prices of farm products, more tourism and the country's subsidies to spur sales of home appliance and autos in rural areas.
The consumer price index, a main gauge of inflation, rose 1.8 percent year-on-year in July, marking the lowest level since February 2010, the National Bureau of Statistics said Thursday.
Retail sales increased 13.1 percent year-on-year to 1.63 trillion yuan (about $257.15 billion) in July, the slowest pace since February last year, according to the NBS.
According to the report, an improved liquidity situation and continued consumption stimulus measures will further boost the confidence of consumers using bank cards.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |