Most consumers expect to spend more in 2009 - Shaun Rein

Shaun Rein by Fons1 via Flickr

Sixty percent of hundreds of Chinese consumers interviewed in six cities by Shaun Rein's CMR expect they will spend more compared to 2008. That is one of the conclusions Shaun Rein will share during the Global China Chat on consumer confidence on Monday. That could mean that 40 percent is not spending more.
Consumers do make an exception for their expenditure on cars and real estate: those industries seem to have a problem.
Consumers, Shaun Rein says, would rather delay purchases, because they expect prices might go down, from an overall decline of consumer confidence seems no reason.

More details in the press release on the Global China Chat by the China Speakers Bureau.