Home>News Center>China
       
 

Urban residents have little confidence in stock market
(Xinhua)
Updated: 2005-06-07 22:00

Chinese urban residents prefer to buy state treasury bonds instead of shares in the country's two stock exchanges, according to a survey published Tuesday by the central bank, People's Bank of China.

The survey, which questioned urban depositors nationwide duringthe second quarter of this year, showed that people have little confidence in the nation's stock market, which has remained bearish for the past eight years.

The survey also revealed that 60.2 percent of the respondents said they believed that the current bank interest rate is low, an increase of 4.7 percent compared with the first quarter.

The number of people who held that saving is the best investmentchoice dropped 4 percentage points to 36.6 percent from the first quarter. While 17.3 percent of the respondents answered that they believe purchasing state treasury bonds is a better choice, up 3.9 percent.

Meanwhile, the urban citizens are not satisfied with the currentcommodity prices, according to the survey, with 32.5 percent of them forecasting that the consumer price index will rise to 24.6, which is up 5.2 percentage points from the first quarter.



 
  Today's Top News     Top China News
 

Growing China is no threat to the world - Tang

 

   
 

New rules to help private businesses

 

   
 

Spur consumption, eliminating trade gap

 

   
 

Rains, floods leave 180 dead or missing

 

   
 

No corruption found in Games preparation

 

   
 

Special care slated for 'big exam' sitters

 

   
  China to clear away lower reaches of muddiest river
   
  China says water pollution so severe that cities could lack safe supplies
   
  Beijing Olympic slogan to be unveiled
   
  Death toll in central China flooding rises to 87
   
  Japan commits 9 mln US dollar aid in China
   
  Chinese tourists allowed to visit UK, Chile, Jamaica
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement