BEIJING: China holds the highest consumer confidence index score at 72.2 in December, and it is the only country with a score above 70, according to the global marketing research group Ipsos on Dec 22. Moreover, China's scores in the expectations index, investment index and jobs index are also seeing a significant increase in December. The global consumer confidence index read at 45.9 in December, up 0.4 points compared with last month, according to the marketing research group. China's consumer market is large, and the consumption growth is strong. The investment index and jobs index increasing is indicative of the consumers becoming optimistic about their future financial situation, the local economy and the job environment, Yang added.

Source: The Star December 28, 2022 19:54 UTC