A recent survey conducted by MasterCard International showed that Chinese people are highly optimistic about their future standard of living and the country's economic development.
Consumers' confidence in the whole Asia Pacific region has started to level off after a strong rally last year, the survey showed.
Carried out twice a year in 13 countries and regions of the Asian Pacific area, the MasterCard survey aims to find out how consumers feel about economic trends in the coming six months.
Interviewees are asked to give their views on the future of five basic economic factors including employment, the economy, regular income, the stock market and quality of life.
A composite index, called the Masterindex, is then drawn from the five indexes to give a picture of consumer confidence in the future economy. It ranges from 0, the most pessimistic, to 100, the most optimistic.
The recent survey was conducted among 5,469 customers in 13 Asia Pacific markets.
"China is the only market where the Masterindex has kept rising," said Han Weiqiang, vice-president and country manager of MasterCard China.
Chinese consumers are obviously optimistic about the economy and their standards of living, and upbeat about regular income and the stock market. Although the employment index has also advanced slightly, consumers are still cautious about the future in that sector, said the survey.
However, in the whole region, the index eased from the previous survey results.
(China Daily)
