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    Central Bank: More Consumption Of Residents Dropped To 14.2%

    2011/3/17 14:22:00 59

    Household Consumption

    The 16 quarter of 2011 released by the central bank depositors questionnaire survey showed that the choice of "more consumption"

    Resident

    The ratio was only 14.2%, down to the lowest point since the 1999 survey.


    According to the survey, at present prices, interest rates and income levels, 14.2% of urban residents tend to "spend more", representing a decrease of 3.1 percentage points compared with 17.3% in the fourth quarter of last year, the lowest value since 1999, and the remaining 85.8% of urban residents tend to save.

    Among them, 44.2% preferred "investment bonds, stocks, funds and so on" in disguised savings; 41.6% preferred "savings deposits".


    This year, the residents of China

    consumption

    Demand has already shown signs of decline.

    1-2 months of this year, China's consumer goods

    retail

    The total amount of 2 trillion and 900 billion yuan, an increase of 15.8% over the same period last year, was 2.1 percentage points slower than the same period last year, down 3.3 percentage points from last December.


    Yuan Gangming, a researcher at the Institute of economics of the Chinese Academy of Social Sciences, pointed out that under the background of rising prices, residents' consumption intention is obviously insufficient.

    In the fourth quarter of last year, the residents' price satisfaction index dropped to a record low of 13.8%.

    Although the price satisfaction index rose to 17.3% in the first quarter of this year, it is still at a relatively low level.

    According to the survey, 66.9% of residents believe that prices are "high and unacceptable", which is 7 percentage points lower than that in the previous quarter. 31.6% of residents believe that prices are "acceptable", which is 6.9 percentage points higher than that in the previous quarter.

    Residents' future price expectations index dropped to 72.8%, down 8.9 percentage points from the previous quarter.

    Among them, the proportion of residents who predict the next quarter price increase is 47.1%, which is 14.3 percentage points lower than that of the previous quarter.

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