A stunning equity rally and a series of easing steps from the central bank has done little to embolden Chinese consumers.
The Westpac MNI China Consumer Sentiment Indicator held steady this month at 111.1, after falling from 114.7 in March. The level is below the 12-month average of 112.4.
With the economy in a broad slowdown, perhaps this shouldn't be surprising. "Consumer confidence has declined throughout much of the last year along with deterioration in the economy," MNI says.
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