Chinese consumer confidence is rising despite reports of a rapid economic downturn , turbulent stock markets and slowing retail sales growth in recent years . According to the Westpack ##er ##g Consumer Sentiment Index , consumer confidence is now at a peak compared with May 2014 . The Chinese government ’s recent decision to increase infrastructure spending , the declining interest in luxury goods , and the growing popularity of e - commerce has created a thriving start - up culture , focusing mainly on the under 25s demographic . Widespread rise in prices is currently boosting consumer activity , with the most appealing consumer good reportedly being education , particularly private tuition .
Chinese consumer confidence is rising despite reports of a rapid economic downturn, turbulent stock market and slowing retail sales growth in recent years. According to the Westpack MNI China Consumer Sentiment Index, consumer confidence is now at a peak compared with May 2014. The Chinese government’s recent decision to increase infrastructure spending, the declining interest in luxury goods, and the increasing popularity of e-commerce has created a thriving start-up culture, focused mainly on the under 25s demographic. Widespread decline in prices is currently boosting consumer activity, with the most appealing consumer good reportedly being education, particularly private tuition.