PBOC Survey: A majority of households believed housing prices unacceptably high in Q1

Latest survey from the Chinese central bank, PBOC, showed that the business confidence index rose in the first quarter 2017 versus Q4 2016.

Key findings from the survey:

52.2% of households believed housing prices unacceptably high in Q1

20.3% of bankers believe monetary policy was relatively tight in Q1

27.2% of households expect house prices to rise in Q2