OVER half of Chinese households think housing prices are too high and more than a quarter worry these will rise more
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The survey by the People’s Bank of China, published yesterday, found 52.2 percent of urban households believed housing prices were “unacceptably high” in the first quarter.
That was a slight decline from the previous quarter but higher than in the first three months of 2016.
Also yesterday, a PBOC official said the central bank has advised banks in its annual guidance
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The official said banks must strictly abide by city-based credit policies and strengthen supervision over source of funds for property down payments.
In the guidance, PBOC asked banks to adjust measures such as their down payment ratios, discounts to mortgage interest rates, and the maximum period allowed to pay back mortgages
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China’s red-hot property market picked up pace in February after price gains had slowed in the previous four months, in spite of a raft of new government curbs aimed at tempering speculative demand.
The PBOC survey showed 27.2 percent of households expect housing prices to rise in the second quarter. Despite steep prices, 22.9 percent of households plan to buy properties in the next three months, 2.8 percentage points more than in the January-March period.
Two separate PBOC surveys, also released yesterday
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The percentage of bankers feeling confident jumped to 64.9 percent in the first quarter, from 53.7 percent in the preceding three months, one survey showed. However, 20.3 percent of bankers said monetary policy was “relatively tight” in the January-March quarter, up from 5.7 percent the previous quarter.
According to the survey
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Enjoys to write guide about excess weight loss and fitness
Full Throttle Fat Loss
SAN FRANCISCO， March 2 (Xinhua) -- Uber CEO Travis Kalanick apologized to all Uber employees in a note Tuesday evening after he was caught on a dashboard camera in a heated argument with a Uber driver.
"By now I'm sure you've seen the video where I treated an Uber driver disrespectfully. To say that I am ashamed is an extreme understatement，" said Kalanick in the note shortly after Bloomberg published the six-minute video obtained.
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