China's consumer confidence index (CCI) rose to 103.9 in the fourth quarter last year, up 3.1 percentage points from the previous quarter, said a report released Tuesday by the China Economic Monitoring and Analysis Centre under the National Bureau of Statistics.
The rise was largely due to consumers’ optimistic judgement on the country’s economic outlook and strong expectation for employment and personal income, said the report.
China could overtake the United States to become the world's largest economy as early as 2020, a top business consultancy said on Thursday, underlining the "seismic change" in global economic power.
Shanghai's economy secured a year-on-year growth of 8.2 per cent in 2009, with faster expansion in the service industry countering a slower pace in manufacturing, the Shanghai Statistics Bureau said.
Beijing's per capita gross domestic product (GDP) exceeded US$10,000 (S$14,057*) for the first time last year after a strong economic recovery, a local statistics official said.
Hong Kong's consumer prices rose 1.3 per cent year-on-year in December, up from the half-percentage point increase in November, easing concerns about further deflation, the city's Census and Statistics Department announced Thursday.
To ensure our newsletter always reaches your inbox, please add ieconnect_alerts@bulletin.iesingapore.com to your address book. If you prefer not to receive news from International Enterprise Singapore in the future, you can unsubscribe here.
