Chinese consumers most optimistic

Chinese consumers most optimistic

CHINA: Chinese consumers are the most optimistic in the world, with 78 percent expecting the economy to improve in the coming year, according to a survey by market researcher AC Nielsen.

China was followed by India, where 77 percent of consumers said they expect an improvement, and Indonesia with 76 percent, said New York-based Nielsen, which interviewed 14,134 people in 28 markets in Asia Pacific, Europe and the U.S. in October.

Nielsen said 38 percent of Chinese consumers interviewed said they had spare cash, up from 32 percent in a May survey, fueling willingness to spend on luxuries. According to the survey, 52 percent of Chinese consumers said they planned to buy new technology, 42 percent planned to spend on out-of-home entertainment and 35 percent planned to take short holidays.-- Bloomberg