PBOC survey: Price levels still high

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A central bank survey released today shows more than 60 percent of the country's residents think that current price levels are too high. At the same time, analysts say inflationary pressure may still remain for some time to come.

The survey, which covers 20,000 and residents in 50 cities across the country, shows the residents price satisfaction index stood at "18.2 "percent in the second quarter, down from the previous quarter. And residents predict consumer prices are likely to rise further from here.

Meanwhile, in a separate survey, Chinese bankers are less confident about the macro economy compared to the previous quarter.

But at the same time, more bankers are feeling comfortable about the government’s current monetary policy.

Another survey shows entrepreneurs are also less confident about the economy compared to Q1, and the business climate is also not as good as in the first three months of 2012 with the --entrepreneurs blah.