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Financial decision-maker sentiment: China

An ongoing look at how the attitudes of financial decision makers in China are evolving during the COVID-19 pandemic.

Almost 60 percent of Chinese financial decision makers expect the economy to be stronger in three months, and a similar number of respondents expect their personal situation to improve. Despite this improvement in expectations, 60 percent of consumers are still concerned or somewhat concerned about their job security. Consumers are relatively net neutral on their feelings toward bank performance and would like them to improve their websites to allow for more seamless online transactions. Electronic payments, such as Alipay, have seen increased usage over the past month, while cash usage has decreased. Overall, there is confidence in a quick recovery with only 2% believing COVID-19 will have a long lasting impact on the economy.

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