A survey of 6,300 families shows that 41% of urban households and 59% of rural households intend to spend more during the next year than they did in the previous 12 months.
"The short- to medium-term income and employment stimulus may well develop into longer-term structural improvement that supports a higher level of household spending," said Yuwa Hedrick Wong, an economic adviser at MasterCard Worldwide.
China Post, The (Sept. 22 2009)
