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China’s consumer confidence rises for 5th month to highest since Jun ’12

China’s consumer confidence rose for five straight months as of December amid increasing optimism over future personal finances, a private report showed.

The monthly measure of consumer sentiment in China hit 97.5 in December, the highest since June 2012, according to Market News International (MNI), a unit of Deutsche Boerse Group, in a report on Tuesday.

"Having hit a near two-year low in July, consumer confidence has rebounded sharply over the past five months, as economic growth has picked up," said Philip Uglow, chief economist of MNI Indicators.
 

(Source: Shanghai Daily)