Most Chinese prefer saving to consumption, investment

11:12, June 17, 2011      

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Only 16.8 percent of residents said they were satisfied with current prices level, down 0.5 percentage points compared with the previous quarter, the China's central bank said in a report released yesterday.

As to housing prices, 74.3 percent of the surveyed think housing prices are too high and "difficult to accept." The figure was almost the same compared as the first quarter of this year.

Affected by the current consumer price level, interest rate and income level, 83 percent of urban residents tend to put more money in their saving accounts. Both the public's will to consume and to save increased, while the intention to invest fell.

By Qi Shuwen, People's Daily Online
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