The Chinese are losing faith in its economy - 25 February 2016 - free no deposit forex bonus
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Main » 2016 » February » 25 » The Chinese are losing faith in its economy
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The Chinese are losing faith in its economy
 
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The February consumer sentiment index value of China - Westpac-MNI Chinese consumer sentiment index - showed a decline of 3.1% in February to a level of 111.3 - such minimum levels could be seen in October 2015 - on AMarkets materials.

 

AMarkets

 

The expectations on the growth of the Chinese sub-component - personal financial well-being - decreased by 1.3% to 100.7 - the lowest since May 2015. Expectations for the more distant future have fallen even lower - 3.7%. Subcomponent of consumption of durable goods in the country fell by 4.7% to 99.8 - it is, in general, a 9-year low. All this is very bad considering the fact that the Chinese authorities are doing everything possible to reorient the economy from exports to domestic consumption.


Schedule - dynamics Westpac-MNI Chinese consumer sentiment index index in relation to key events in the Chinese economy:

 

 

 

 

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