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Discretionary spending continues to pick up on booming leisure travel

  • Published 09 Sep 2011

China's Bankcard Consumer Confidence Index, a measure of cardholder spending on non-essential items, continued to recover, up 0.1 percentage points from July to 86.2 in August, China UnionPay which compiles the index said. The reading is in line with findings from China Confidential's August Consumer Sentiment Indicator, released on Sept 1, which indicated overall discretionary spending remained robust in August, consistent with July.

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China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.

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