PBC issues Report on Regional Financial Operation in 2004

According to People's Bank of China's Report on Regional Financial Operation in 2004 issued on May 25, 2005, 14 provinces, including 10 in central and western China, reported more than 4 percent rise in residents consumer price. Yunnan Province, Henan Province and Hunan reported biggest increase of 6 percent, 5.4 percent and 5.1 percent respectively; while Beijing, Shanghai and Tianjin saw slightest increase of 1 percent, 2.2 percent and 2.3 percent respectively.

Nine out of 35 large and medium cities, i.e. Shenyang, Shanghai, Nanjing, Qingdao, Ningbo, Chongqing, Tianjin, Hangzhou and Jinan reported over 10 percent increase in house price.

By the end of 2004, the saving deposit balance in all financial institutions in east, central and west China accounted for 63.9 percent, 18.1 percent and 15.3 percent of the aggregate amount. Guangdong, Beijing, Shanghai, Jiangsu and Zhejiang are top five in terms of saving deposit balance and increased amount of balance.

By People's Daily Online