China consumer confidence down
Against a backdrop of double-digit GDP growth, a new survey from the China Economic Monitoring and Analysis Center and media research firm the Nielsen Company shows that consumer confidence fell four points to 100, its lowest since 2009. The results of the survey are an indication of concern among many in the PRC that inflation is affecting their way of life, and that it is not likely to improve in the short term.
"Chinese consumers may be losing some confidence, but they are still more optimistic than the rest of the world," said Mitch Barns, President of Nielsen Greater China.
China raised rates...
More on Greater China
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.