Survey shows that nearly 60% of residents think high prices are unacceptable

A survey of national bankers, entrepreneurs and town savers released recently by the People's Bank of China showed a slight decline in the three-quarter macroeconomic index and a largely stable entrepreneurial confidence index, which rose sharply from the previous quarter to a 2006-year two-quarter high.　　Experts reminded that the integration of these indicators, the current economy is still in a stable operation of the situation, we need to pay close attention to asset price issues, do a good job of inflation expectations management, and take further measures to effectively guide consumption. "Wind vane" confirms the economic situation is good from Huaan securities analysts told reporters, from the survey showed that the entrepreneurial confidence index to maintain a high level of stability, good business performance, business sentiment index climbed to 70.3% for 6 consecutive quarters, close to 2008 of historical high value and the overall stability of enterprise market demand,　　In view of the steady increase in investment intention, the current situation of China's steady economic development has not changed radically, and the activity of the market micro-body has been maintained.　　He further said that although the banker expected the next quarter macroeconomic heat will fall, the enterprise fixed assets investment and the operating Capital loan demand index falls respectively in the last quarter and the product sales price index to end the 5 consecutive quarterly rise of the momentum, but these do not show the current economic development is obviously bad trend. The survey showed that in the three quarter, enterprises ' fixed assets investment, equipment investment and construction Investment index increased in the last quarter respectively. "From the enterprise fixed asset investment and operating capital loan demand index compared to the last quarter of the situation, the funds are still in an orderly manner into the production field." "In this survey, there are also some" bright spots ", such as the recovery of enterprise production and business improvement, the employment situation has also been improved, reflected in the three quarterly survey, urban residents income, employment feelings and expected index has been better. At the same time, the banking boom index is in a relatively high level in recent years and bankers are expecting a smooth and stable banking operation next quarter.　　In addition, the demand index for personal consumption loans has improved slightly. In the survey, bankers ' feelings and concerns about monetary policy were striking. The banker's monetary-policy sentiment index in the third quarter (the proportion of bankers who chose "moderately" for monetary policy) was 69.4%, up 11.5% from the previous quarter. Zheng, a professor at the School of Economics at Renmin University, said: "Bankers have come to this feeling that the central bank has continued to maintain monetary policy continuity and stability this year." Overall, the internal and external economic development trend has been more complex, in this case, the world's major countries have basically maintained a more relaxed monetary conditions. "And for next quarter monetary policy expectations, 63.9% of bankers think it will remain the status quo, compared with the last quarter of the increase of 12.4%." "This means that there is an objective demand and a certain expectation for the continuity and stability of monetary policy."　　"Zheng said. Residents ' inflation expectations have not been reduced this survey shows that urban residents of the three-quarter price satisfaction slightly increased, the elimination of seasonal factors after a slight decline in price expectations index. Despite a 0.6% drop in the previous quarter, there are still 58.3%Residents think prices are "high and unacceptable".　　At the same time, the proportion of residents who forecast higher prices in the next quarter rose, and the future price expectation index continued to climb, and the residents ' inflation expectations remained unchanged. In recent days, the CPI has lasted two months above 3% per cent due to factors such as seasonal factors and rising food prices, but overall, the current average price increase is still within the range of a moderate increase, without the overall price rise as a result of unbalanced supply and demand, It is expected that prices in the future should be maintained at a reasonable level. Experts point out that the residents ' feelings of high prices may be directly related to the recent persistent "high" asset prices. In fact, the survey also confirms this judgment.　　For the current level of housing prices, 72.2% of the residents in the quarter thought it was "too high to accept", a slight drop of 0.3% over the previous quarter, but still above 7% in the same period last year. For future housing prices, 36.6% of residents in the quarter were expected to rise sharply, up 7.2% from the previous quarter.　　But while rising housing prices are expected to increase, there has been no sharp rise in the willingness of urban residents to buy homes. Analysts from ICBC believe that, since this year, in the real estate "State 10" promulgated, the relevant departments actively study the implementation of the relevant central policy, multi-pronged, and strive to promote the healthy development of the real estate industry around the same time, to maintain prices at a reasonable level. However, Beijing, Shanghai and other cities by the rigid demand for housing, limited land resources and urbanization process, such as the impact of a number of factors, short-term housing prices did not appear to fall significantly, this is the residents generally on the price still hold "too high, difficult to accept" the important reason.　　But in the context of the continued policy of the central and local governments to maintain the healthy and sustainable development of the real estate market, residents of the "rapid rise in housing prices are expected to be eased" with expectations, so the recent market has been a strong wait-and-see mood, which is also the increase in housing prices expectations, and the purchase will not significantly increase the main reason. Consumer tightening investment highlights the survey also showed a slight decline in household savings and willingness to spend, and an increased willingness to invest.　　Urban residents ' willingness to spend in the third quarter continued to fall in the two quarter, preferring "more investment" to a 2.5% increase in the previous quarter. In the interview, Huangxiangbin Securities chief strategy analyst, said: "At present our country has gradually entered an annual GDP3000 dollar to 5000 U.S. dollars to the development stage, this stage is a significant feature of the consumption upgrade." As life improves and income increases, so does the willingness of residents to consume. But the current round of consumption tightening does not seem to reflect this rule, this has to do with the continuous development of China's economy, the residents have found more opportunities to share the fruits of economic growth, access to investment income, resulting in some of the consumption is squeezed, diverted for investment, reflected in the willingness to invest, there is a continuing upward trend. "People in the industry say that in the case of a persistently high expectation of future price expectations, residents will be more inclined to invest their money in inflation-proof asset-like products, while making regular savings.Buy real estate, gold and stock. The next stage should take measures to manage inflation expectations, and on this basis, further start consumption, and strive to achieve the transformation of China's economic growth mode. This quarter, residents of the future income and employment expectations of the better, will be conducive to further increase in future consumption. New Juan Juan