(Yicai Global) Sept. 26 -- China’s economic growth rate this quarter will be greater than in the second quarter and inflation is not a major concern, Securities Times reported today, citing the results of a recent survey.

The majority of respondents, some 47.3 percent, said they expect the country’s gross domestic product to grow between 3 and 4 percent this quarter year on year, according to a poll by the Securities Times of 76 government economists and academics. And 28.9 percent said it might expand by more than 4 percent.

This is in stark comparison with the last survey conducted during the second quarter, when 65 percent of respondents said they expected economic growth to be below 3 percent in the three months ended June 30.

Inflation was not a big concern among those polled. Only 15.7 percent said that a jump in consumer prices in the next three to six months would be a major factor affecting the recovery of consumer spending.

Some 96 percent of respondents believe that monetary policy in the third quarter is moderate or loose, up 6 percentage points from the previous quarter, according to the survey, whose responses were collected by Sept. 19.

In terms of future monetary policy, 61.8 percent expect the central bank to introduce more structural monetary policy tools, 52.6 percent anticipate a further cut in the medium-term lending facility rate, 46 percent think the reserve requirement ratio will be trimmed again, while 38.1 percent forecast that the policy rate will remain unchanged, but the payment of goods’ loan prime rate will continue to slide.

The number of respondents that rated the stock market highly sank 21.2 percentage points from the previous quarter. The higher the rating, the better the expectations of market prosperity. And more than 80 percent had a neutral rating of the stock market for this quarter.

More respondents felt there will be greater cross-border capital outflows in the next three to six months at 47.3 percent, an increase of 14.3 percentage points from the previous survey.

More effort is needed to ensure the on-time delivery of presold homes, they said. Some 57.8 percent felt that there are insufficient regulatory policies in the real estate market this quarter.

Editor: Kim Taylor