An index measuring Chinese consumer confidence stood at 105 in the first quarter of 2016, a decrease of 2 points from the fourth quarter of 2015, according to the Nielsen Consumer Confidence Index survey, which was released Tuesday.
However, despite the slight drop, China remains one of the world's most confident countries, ranking sixth in the world.
Although China's consumer confidence declined in the first quarter, big swings are not expected because the country's economic fundamentals remain strong and incomes are gradually improving.
"Chinese consumers have moved beyond being able to only afford the basics of life. Their discretionary spending has increased, leading to an increased appetite," said Yan Xuan, president of Nielsen Greater China.
