Chinese urban residents are more satisfied with the present
prices of goods and their expectation for future prices is
optimistic, a latest survey by the People's Bank of China (PBC) showed on
Wednesday.
The survey of urban residents with deposits in the first quarter
showed that the people's satisfactory index was minus 9.1 percent,
up 3.3 percent over the previous quarter.
Among the people surveyed, 22.1 percent held that "prices are
too high to be accepted", down 2.4 percent from the previous
quarter and 13 percent thought prices were "satisfactory", up 0.9
percent compared with that of the previous quarter.
The survey also showed that people were optimistic about future
prices. Up to 28.8 percent of the interviewees predicted that
prices would rise, down 12.9 percent from the previous quarter and
down 0.4 percent from the previous year.
Ten percent thought the prices would drop, up 5.7 percent on the
previous quarter and up 0.3 percent on last year.
The satisfactory index for the current income increased 7.8
percent to 22.1 percent and the confidence index for future income
reduced by 2.5 percent to 19 percent, up 1.8 percent on the
previous year, according to the survey.
(Xinhua News Agency March 16, 2006)