Cars and DVD players are in two different price ranges. $100 VCD, $250DVD, and at least $10,000 for a car(all in US currency.) (Bikes are in the same range as VCD/DVD players) Cars will wait for consumer lending to be expanded. Visa and others have start campaigns.Today, most Chinese are debt free, they have a custom of paying off their debts on the new year. They value starting each year, debt free. Now Shanghai bank deposits are rising, Consumer are returning...............................................
china-window.com
Bank still is the first choice
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It is reported that many Shanghainese still choose the bank deposit though the price of goods keeps in a low inflation level.
About 24% deposit account customers think their income is increased, 3% lower than last survey. Meanwhile, 23% people feel their income is decreased, 7% lower than last survey. That shows most of people feel current goods price acceptable. 65% people feel the price is stable, which is 6% higher than last survey.
The biggest different result of this survey is that bank deposit has become the first choice. About 47% people choose bank to save their money, which is 18% higher than last survey. On the contrary, about 28% people choose to invest in stocks, which is 14% lower than last survey. |
