China October consumer confidence index fell to record lows

Night network, network nightlife Wall Street FRANCISCO 28 pm news, the Westpac Bank (Western Pacific) and international markets Shimbun (MNI) jointly issued by the Chinese consumer confidence index fell to record lows。  October readings 118 from September.2 large fell to 109.7, the highest level since the survey's lowest since 2007。  In sub-index, the biggest drop in forward-looking business environment in the coming year, business conditions expectations index fell 10.3 percentage points over the next five years expected business conditions index fell 8.2 percentage points。Secondly, the status of family financial situation and the expectations index fell 5 respectively.3 and 7 percentage points.3 points。  The survey covers the object for a second and third tier cities in 30 cities, consumers。Respondents said they plan to cut spending in the near future shopping and entertainment。  International economist at Westpac Banking Hugh Mackay said: "This data publicly questioned the Chinese consumer resilience in the downturn in the real economy, environment。"Last week China announced third quarter GDP growth of 6.9%, the lowest growth rate since mid-2009。(Tony compilation)