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Chinese city dwellers are heading towards a prosperous life, a
recent survey has revealed.
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The annual survey - China Marketing Research and Media Study in
2000 - talked to 50,000 citizens in 20 major cities.
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It was carried out by the Beijing-based consulting company Sinomonitor
International and the British Marketing Research Bureau.
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Propelled by the growing economy, per capita average monthly income
in cities such as Shanghai, Guangzhou and Chengdu has risen to 996
yuan (US$120), a 68-yuan (US$8.2) increase from last year.
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The fact that people no longer get homes from the government and
the rapid development of the real estate industry is encouraging
more and more people to purchase their own homes.
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About 59 percent of those interviewed said they have already bought
hoses, up 10 percent from the previous year, while 70 percent of
the remaining citizens spoken to said they will buy a home within
three years.
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However, the number of people intending to buy a car has gone down
by 6 percent from last year.
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This is because people think car prices will be lower after China's
entry into the World Trade Organization.
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Spurred on by reducing interest rates and the beginning of interest
tax last year, citizens are now more inclined to invest in stocks
and shares. The survey estimates that varied types of investment
such as collecting stamps and antiques will attract more investors
in the near future.
(Beijing-2008 12/12/2000)
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