Description
China Nominal Consumption Expenditure per Capita is compiled and published by the National Bureau of Statistics (NBS) of China. This indicator measures the nominal year-over-year change in the average consumption expenditure of Chinese residents. It reflects the growth in consumer spending and serves as an important indicator for assessing residents' consumption capacity and economic vitality. An increasing year-over-year rate typically indicates rising consumer spending and more active economic activity, while a decreasing rate may suggest weakened consumption demand or sluggish income growth.