**Consumer sentiment in China is starting to improve**.
**According to a recent survey by the China National Bureau of Statistics (NBS), consumer confidence in the country has increased for the first time in four months.**.
**The survey, which was conducted in January, found that the Consumer Confidence Index (CCI) rose to 110.2, up from 109.9 in December.** This is the first time the CCI has increased since September 2022..
**The improvement in consumer sentiment is likely due to a number of factors, including the easing of COVID-19 restrictions, the government’s stimulus measures, and the improving economic outlook.**.
**Another survey, conducted by the China Centre for Economic Research (CCER), found that consumer confidence in the country is also improving.** The CCER’s survey, which was conducted in February, found that the Consumer Confidence Index (CCI) rose to 112.1, up from 111.6 in January..
**The improvement in consumer sentiment is a positive sign for the Chinese economy.** Consumer spending accounts for about 60% of China’s GDP, so an improvement in consumer sentiment is likely to lead to an increase in economic growth..
**However, it is important to note that consumer sentiment is still below pre-pandemic levels.** The CCI is still below the 115.2 level it reached in January 2020, before the pandemic hit..
**This suggests that there is still room for improvement in consumer sentiment.** The government will need to continue to implement policies that support consumer spending in order to further boost the economy..
**Here are some of the key findings from the surveys:**.
* The CCI rose to 110.2 in January, up from 109.9 in December..
* The CCER’s CCI rose to 112.1 in February, up from 111.6 in January..
* Consumer confidence is still below pre-pandemic levels..
* The improvement in consumer sentiment is likely due to a number of factors, including the easing of COVID-19 restrictions, the government’s stimulus measures, and the improving economic outlook..
**The improvement in consumer sentiment is a positive sign for the Chinese economy.** However, it is important to note that consumer sentiment is still below pre-pandemic levels. The government will need to continue to implement policies that support consumer spending in order to further boost the economy..
