19 May 2019

Chinese ‘unhappy with price levels’, Xinhua says

Chinese urbanites are unhappy with the price of goods and services, Xinhua reported Thursday, citing a central bank survey. The People’s Bank of China found in its latest quarterly survey of urban bank users that 61.6 percent thought prices in the fourth quarter were “high and unendurable,” up 1.8 percentage points from the third quarter, the report said. The survey also found that “funds and other wealth management products” were the top investment priorities for more than a quarter of respondents, followed by “property” for 17.9 percent and the “equity market” for 15.9 percent, the report said.

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