Sunday, January 23, 2011

Beijing continuous decline in consumer confidence, rising prices and high housing prices is the main reason

 Rising prices and high housing prices is the main reason

survey, the fourth quarter of 2010, consumer confidence in the composition are two important indicators, reflecting the current economic situation in the consumer satisfaction index for the satisfaction of 105.4, compared to the previous quarter, down 2.8 points; reflect the views of consumers on the expected future economic outlook index was 110.0, up slightly from the previous quarter by 0.3 points.

reporter Ma Wenting

He also said that consumption will decline and a possible reason is due to higher prices, if prices rise faster than wages, consumers will choose to save more and spend less. In addition, various types of social security, especially in health care is not perfect will also increase the consumer's concerns.

management professor at Renmin University of China Zheng Chao-yu said that the national economy, affecting consumer confidence mainly employment expectations, income expectations and consumption will. The current decline in consumer confidence may be mainly because of consumers expected job prospects and personal income uncertainty. In fact this phenomenon is closely related with the price. The wages of the average consumer should be growth, but due to rising prices, real income has declined, so would reduce their satisfaction with the status quo.

Beijing Statistics Bureau, Beijing Survey Organization National Bureau of Statistics figures released yesterday show that the fourth quarter of 2010, consumer confidence index was 108.1 in Beijing, down 1.0 points sequentially. This was the third consecutive quarter the index showed a downward trend, but the consumer confidence index remained in positive range.

consumer confidence index values from 0 to 200, 100 for the critical value of optimism and pessimism, when the confidence index is greater than 100, indicating that consumers tend to optimistic, more optimistic about the extent of close to 200 more high.

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