It is reported that China's consumer confidence index dropped in the second quarter reflecting an expected cool down in the country's economy.

The National Bureau of Statistics said the index fell 0.7 percentage points from the previous quarter to 94.1. The index was also 2.7 percentage points lower than in the same period last year.

The Index which measures consumers' outlook toward employment, the economy, regular income, stock market and quality of life was released following the disclosure of a slightly lower entrepreneurial confidence index and a lower business climate index, both YoY figures for the second quarter.

China's business climate index dropped 8.6 points to 137.4 points from last year's second quarter, while the entrepreneurial confidence index dipped 8.3 points to 134.8 from the same period last year.