SOURCE: Prosper China

Prosper China

October 27, 2009 12:00 ET

BIGresearch China Quarterly: Young Chinese Consumers Bouncing Back From Global Economic Meltdown Faster Than American Counterparts

Complimentary Reports on Young Chinese Consumers Online; Available in Both English and Chinese

COLUMBUS, OH--(Marketwire - October 27, 2009) - The effects of a global recession continue to be felt around the world, except maybe China, where credit is flowing, consumer confidence is rising and young Chinese consumers are planning to spend money. According to BIGresearch's 17th China Quarterly (12,641 18-34 year olds; 15,168 total respondents), 64.7% of Chinese Consumers 18-34 are confident/very confident in the chances for a strong economy versus 61.3% in Q2 2009, and up almost 40% from Q4 2008. The improving trend likely reflects the success of the large stimulus package introduced by the government in early 2009.

Further, young Chinese consumers have a higher propensity to buy a new vehicle or make a big dollar purchase than Americans the same age, which could be due to growing credit markets in China. For example, 24% of Chinese Consumers say they are planning to buy/lease a vehicle in the next six months, up 22.0% quarter-over-quarter, and a whopping 64.7% year-over-year. This compares to 13.4% of 18-34 year old Americans who say the same.

"It appears that the young Chinese consumer economic outlook has started to improve," said Vicky (Yue) Pan, Prosper China Analyst. "Not only is their confidence in the economy increasing, but their outlook regarding employment is better, their confidence in the stock market is almost back to pre-recession levels and they are planning to spend money on big ticket items."

For more information and to download complimentary past China Quarterly reports on Chinese consumers (18-34) in both English and Chinese visit http://www.formsite.com/prosper/cqreports/.

The reports provide a detailed overview of economic attitudes, spending habits and media consumption of over 31 different types of media including new media. Also included are key insights on which media influences purchase decisions.

About ProsperChina.com

ProsperChina.com is an information bank & online forum for firms marketing products & services to Chinese consumers. ProsperChina.com partners with leading marketing resource companies to provide marketers unique insights on Chinese consumers as well as share innovative ways to improve marketing effectiveness. Visit http://www.prosperchina.com.

About BIGresearch

BIGresearch is a consumer intelligence firm providing analysis of behavior in areas of products and services, retail, financial services, automotive, and media. The China Quarterly monitors the purchasing behavior and media consumption of more than 12,000 Chinese consumers, focusing on consumers between the ages of 18-34 years old. The China Quarterly is available through BIGresearch in report or database format. BIGresearch also conducts the monthly Consumer Intentions and Actions Survey (CIA) of 8,000+ respondents and the semi-annual Simultaneous Media Survey (SIMM) of 15,000+ respondents. More information is available at http://www.bigresearch.com.

Contact Information

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    BIGresearch
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