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Consumer confidence 'hits 6-year low'

By Zhou Yan | China Daily | Updated: 2009-01-09 07:36

SHANGHAI: Like many trendy women in the city, Bao Shengsheng, who lives with her parents, used to spend more than 80 percent of her 5,000-yuan ($732) monthly income on shopping and entertainment.

But the 24-year-old has begun to feel the chill of the economic winter. Although her job at the Chile Consulate General in Shanghai seems secure, at least for now, she shares the growing worries of fellow citizens over the country's - especially Shanghai's - economic prospects.

Bao reflects the concern of the rest of urban residents in the country as a survey shows their consumer confidence index (CCI) has dropped to a six-year low.

Consumer confidence 'hits 6-year low'

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