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Surveys show improving economic confidence, rising inflation concerns (2)

(Xinhua)

08:20, March 20, 2013

The latest official data show that China's consumer price index (CPI), the main gauge of inflation, rebounded to a 10-month high of 3.2 percent in February.

The Chinese government announced earlier this month that its GDP growth target will remain around 7.5 percent this year and it aims to control inflation within 3.5 percent.

Tuesday's reports also show that home prices are still a major issue of public concern, with 68 percent of people surveyed describing prices as "high and hard to accept," up 1.3 percentage points from the previous quarter.

Over 34.4 percent reported that they expect home prices to rise in the second quarter, the report said.

According to statistics from the National Bureau of Statistics, out of a statistical pool of 70 major Chinese cities it monitors, 66 saw home prices rise month on month in February, despite the government's control policies in the sector.


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Email|Print|Comments(Editor:HuangBeibei、Wang Jinxue)

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