Latest News:  
Beijing   Sunny    21 / 10   City Forecast

Home>>China Business

China central bank survey hints at tendency to save more

(Xinhua)

08:29, September 16, 2011

BEIJING, Sept. 15 (Xinhua) -- Chinese citizens are now more willing to save rather than spend as they are less satisfied with current price levels, according to a third-quarter survey by the country's central bank.

The survey showed that nearly 83 percent of those surveyed said it was better to increase savings rather than spend.

The Resident Price Satisfaction Index fell to 14.8 percent in the third quarter, down 2 percentage points from the second quarter, according the survey.

More than 70 percent of respondents said current prices were "too high to be acceptable," up 3.8 percentage points from the second quarter. Nearly 75 percent of them expected prices to continue rising in the next quarter.

The survey also revealed that citizens were less optimistic about income increases compared to the second quarter.

More than three fourths of respondents, the largest proportion since the survey began in 2009, said current property prices were "too high." About 38 percent of them expected property prices to continue rising.

Email|Print|Comments(Editor:梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Chengdu Motor Show 2011 kicks off

  2. 500 pilgrims permitted to visit relatives in Syria

  3. 178th Munich Oktoberfest to kick off

  4. Cibeles Madrid Fashion Week kicks off

Most Popular

Opinions

  1. Sincere, practical co-op between China, Africa
  2. Why does US block Palestine's bid for entering UN
  3. Egypt-Israel crisis likely to ripple through Middle East
  4. Debating luxury duties: Up, down or scrapped
  5. China's investments boost US economic recovery
  6. Woman cuts watershed for China’s charities
  7. Food safety supervision overwhelms food crime
  8. China's actions in Libya show diplomatic maturity
  9. Living in Beijing more expensive than New York?
  10. Middle East turbulence not over yet

What's happening in China

The power and glory

  1. 'Enemy of the state' finds no charity
  2. China Telecom to sell iPhone 5
  3. Home prices, inflation irk most Chinese
  4. Guangdong refuse to treat HIV burn victim
  5. Parking fee collector run over, killed

PD Online Data

  1. The Yi ethnic minority
  2. The Salar ethnic minority
  3. The Tu ethnic minority
  4. The Pumi ethnic minority
  5. The Naxi ethnic minority