Chinese consumers feel financially improved this year: Deutsche Bank

Consumer sentiment in China has seen a significant rebound compared to last year, the latest quarterly survey by Deutsche Bank AG has shown.

The survey by the German bank, published on Tuesday, revealed that 54 percent of respondents felt financially better off than they did a year ago, up from an average of 44 percent in 2024. 

The percentage of Chinese consumers expecting their income to rise in the upcoming year increased for the second consecutive quarter, reaching 60 percent, according to the survey.

It also found 52 percent of respondents are willing to increase their discretionary spending, the highest share in a year. 

Deutsche Bank said the Chinese government's stimulus measures introduced last September may have raised income expectations among urban residents, particularly those in the cities of Beijing, Shanghai, Guangzhou and Shenzhen.

The findings suggest China's efforts to boost household confidence and consumption are yielding benefits, Bloomberg has reported.