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Housing industry worried most, favored the most to invest

0 Comment(s)Print E-mail CNTV, November 12, 2013
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A week before the third plenary session kicked off, Bizasia launched surveys on CCTVNEWS' website, Weibo and WeChat platforms. We hoped to find out what our viewers think of China's economic conditions and the areas they think need urgent reforms.

Number one -- the three economic matters that concern our viewers the most. Number one worry -- no surprises there, China's surging housing prices ... one in five people chose that answer. "Rising consumer prices" comes at number two and "unemployment" number three. Other worries: corruption, wealth gap and so on.

What's interesting, though, is that although people are most worried about China's property market, it's their single most preferred investment. This perhaps shows people's expectations that housing prices will stay high--and this is their way of hedging against high prices.

We also asked what our viewers think are the three most difficult sectors for private business in China to enter. They listed "oil and gas" as the hardest industry to break into, followed by electricity and Finance and Banking. Telecommunications is listed as number four.

Apart from quantitative responses we got from audiences, they also left comments on our Weibo.

One weibo user says: " China and its 1.3 billion people are going through one of the largest socio-economic changes the world has seen. There is no way for China to copy any ready-made model, and there is no ready-made model for China to replicate.

Another says: "China's wildly successful debut onto the world economic stage over the past three decades has been all about cheap labor and lower costs. It has not been innovation! In order to promote sustainable economic development, adjustment of the economic structure should be accelerated. "

Of course, there's so much more to our polling questions and viewer comments. You can log on to our website at english.cntv.cnto have your say, or follow our Sina Weibo and Wechat.

 

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