**China’s consumer sentiment is starting to improve, surveys show**.
**Chinese consumers are starting to feel more optimistic about the economy, according to two recent surveys. The surveys, conducted by the China National Bureau of Statistics (NBS) and the China Index Academy, both showed an increase in consumer confidence in August.**.
The NBS survey found that the consumer confidence index (CCI) rose to 107.4 in August, up from 106.9 in July. This is the highest level of consumer confidence since March 2022..
The China Index Academy survey found that the consumer sentiment index (CSI) rose to 96.4 in August, up from 94.8 in July. This is the highest level of consumer sentiment since February 2022..
**The improvement in consumer sentiment is likely due to a number of factors, including the government’s recent stimulus measures, the easing of Covid-19 restrictions, and the rising vaccination rate.**.
The government’s stimulus measures have included tax cuts, subsidies, and infrastructure investment. These measures have helped to boost economic growth and create jobs..
The easing of Covid-19 restrictions has also helped to improve consumer sentiment. In recent months, the government has lifted lockdowns, reopened businesses, and allowed people to travel more freely. This has made it easier for people to spend money and enjoy leisure activities..
The rising vaccination rate is also likely to be contributing to the improvement in consumer sentiment. As more people get vaccinated, they are becoming more confident about the future and more likely to spend money..
**The improvement in consumer sentiment is good news for the Chinese economy. Consumer spending accounts for about 60% of GDP, so an increase in consumer confidence is likely to lead to higher economic growth.**.
However, there are still some risks to the Chinese economy. The global economy is slowing down, and this could hurt exports. In addition, the Chinese property market is cooling down, and this could lead to a decline in investment..
Despite these risks, the improvement in consumer sentiment is a positive sign for the Chinese economy. If consumer spending continues to grow, it will help to offset the risks from the global economy and the property market..
**Overall, the outlook for the Chinese economy is improving. Consumer sentiment is rising, and the government is taking steps to support growth. However, there are still some risks to the economy, so it is important to monitor the situation closely.**.
