🇨🇳 China’s consumer confidence remains deeply depressed. The consumer confidence index sits near ~90, close to the lowest levels on record. After plunging nearly 40 points between 2021–2022, sentiment has remained stuck in pessimistic territory for years. Prior to this, the index rarely stayed below 100 even during the 2008 financial crisis. The weakness coincides with the aftermath of China’s major property downturn, with home sales by floor area still roughly -50% below 2021 levels. Weak consumer sentiment remains a key drag on China’s recovery. 📉

🇨🇳 China’s consumer confidence remains deeply depressed.

The consumer confidence index sits near ~90, close to the lowest levels on record.
After plunging nearly 40 points between 2021–2022, sentiment has remained stuck in pessimistic territory for years.

Prior to this, the index rarely stayed below 100 even during the 2008 financial crisis.

The weakness coincides with the aftermath of China’s major property downturn, with home sales by floor area still roughly -50% below 2021 levels.

Weak consumer sentiment remains a key drag on China’s recovery. 📉