China's consumer sentiment deteriorated in April

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Source: Dukascopy
Consumer confidence in China deteriorated slightly in April because of rising food prices. The Bankcard Consumer Confidence Index dropped by 0.12% to 86.65 in April, according to Xinhua News Agency and China UnionPay. Rising living costs and higher fuel prices continued to dent consumer confidence. However, measures to curb inflationary pressure and launch of consumption incentives are likely to stabilize the consumer sentiment.


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Mon, 14 May 2012 08:24:23 GMT

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