Markets

Chinese households are ditching riskier assets for the safety of cash

Aside from house prices and private sector indebtedness, many things in China are falling at present. Stocks are sliding, so too the yuan, along with a well publicised collapse in bulk commodity futures. Now you can add consumer confidence to that list. The Westpac-MNI China consumer sentiment index fell 3.1% […]
Chinese households are ditching riskier assets for the safety of cash
Markets

Chinese consumers are feeling a lot more confident

Chinese consumer confidence ripped higher in March, rising to the highest level seen since September last year. The latest Westpac-MI consumer sentiment index jumped by 6.1% to 118.1, led by greater optimism toward personal finances, the housing market and buying conditions. A reading of 100 is deemed neutral, meaning the […]
Chinese consumers are feeling a lot more confident
Markets

The Chinese are worried about their economy

After rattling investors’ nerves worldwide over recent months, it appears that the Chinese themselves are now nervous about recent developments in their economy. The latest Westpac-MNI Chinese consumer sentiment index for February fell by 3.1% to 111.3, taking sentiment levels back to lows last seen in October 2015. The decline […]
The Chinese are worried about their economy
Markets

Chinese consumers couldn’t care less that stocks are tanking

Pushing aside recent turmoil in financial markets, Chinese consumer sentiment rose unexpectedly in January. According to the latest Westpac-MNI consumer sentiment index, confidence rose by 1% to 114.9, taking the index back to levels last seen in September 2015. Westpac notes that three of the survey’s five subindices improved during […]
Chinese consumers couldn’t care less that stocks are tanking