The China Consumer Confidence Index is an indicator reflecting the confidence level of Chinese consumers. The index is jointly released by the National Bureau of Statistics of China and China United Network Communication Co., Ltd., and is released once a month.

The consumer confidence index reflects consumers' confidence in the current economic situation and future economic development. The higher the index value, the stronger the consumer confidence, and the more likely to increase consumption expenditure; on the contrary, the lower the index value, it indicates the lack of consumer confidence, which may reduce consumption expenditure. Therefore, the consumer confidence index is one of the important indicators to measure the state of the consumer market and predict the trend of consumption.

The consumer confidence index is mainly affected by many factors, such as the macroeconomic situation, employment status, income level, price level and policies. When the macroeconomic situation is good, employment is stable, income levels are increasing, and prices are stable, consumer confidence is usually high and willingness to spend will increase.

In recent years, China's consumer confidence index has fluctuated greatly, which is mainly affected by factors such as the macroeconomic situation and policies. According to the latest data, in March 2021, China's consumer confidence index was 121.1, an increase of 1.9 percentage points from February. This shows that consumers are optimistic about the current economic situation and future development trends, and the consumer market still has a certain growth potential.

Overall, the China Consumer Confidence Index is one of the important indicators to measure the level of consumer confidence. Policy makers, enterprises and investors can adjust economic policies and carry out marketing strategies based on changes in the index to promote the stability and development of the consumer market.