Jun 19, 2012
(Shanghai Daily)
A survey by a bank shows an increased confidence in China's economy has fuelled interest among Chinese households to buy properties.
The China Wealth Index stood at 131 in May, up from 128 in March and indicated that the households have expressed higher optimism toward the economy and individual investment. A reading above 100 signals positive sentiment.
An economist says although China's economic growths has continued to slow in recent quarters, people are confident about the outlook and are waiting for various stimulus measures to take effect. With declining property prices, there is renewed interest to buy properties.
