By Dow Jones Business News,
December 18, 2013, 10:55:00 PM EDT
SHANGHAI--More than six out of 10 people in China's cities think prices are "unacceptable," according to a central-
Price are "high and unacceptable," according to 61.6% of respondents in a People's Bank of China survey for the
October-to-December period released on Thursday. That is up from 59.8% in the third quarter. There is no on-year
When it comes to price outlook 72.2% expects inflation--a 1.7 percentage-point increase on the third quarter,
according to the survey.
However, those feeling property prices are "too high" fell to 66.5% from 67.6% in the third quarter and 66.6% a year
earlier. And fewer people see those prices rising in the future--32.5% of the respondents said prices will likely rise
in the coming three months compared with 35.8% in the previous period. More than 13% of respondents intend to buy a home
in early 2014--the same as in the previous quarter.
More people want savings, too--47.4%. That is up 1.2 percentage points from the previous quarter. The three top
investments are wealth management and investment funds followed by property and bonds.
The survey polled 20,000 residents in 50 cities.
Meanwhile, bankers polled by the PBOC said total loan demand fell a fraction from the third quarter.
Banks are more confident in the broader economy in the quarter--up 10.3 percentage points to 71.3% compared with the
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