BEIJING-- Chinese citizens are now more willing to save rather than spend as they are lesssatisfied with current price levels, according to a third-quarter survey by the country's centralbank.
The survey showed that nearly 83 percent of those surveyed said it was better to increasesavings rather than spend.
The Resident Price Satisfaction Index fell to 14.8 percent in the third quarter, down 2percentage points from the second quarter, according the survey.
More than 70 percent of respondents said current prices were "too high to be acceptable," up3.8 percentage points from the second quarter. Nearly 75 percent of them expected prices tocontinue rising in the next quarter.
The survey also revealed that citizens were less optimistic about income increases compared tothe second quarter.
More than three-fourths of respondents, the largest proportion since the survey began in 2009,said current property prices were "too high." About 38 percent of them expected propertyprices to continue rising.
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