Enthusiasm for savings up on quarterly basis

China's urban residents are more enthusiastic about depositing more savings in the fourth quarter (Q4) of this year, said a central bank survey.

Among the 20,000 urban bank depositors surveyed in 50 cities across China, 45.7 percent responded with a willingness toward more savings in Q4, 1.2 percentage points up from the previous quarter, according to a survey conducted by the People's Bank of China.

Meanwhile, their willingness toward investment shrank, with 26.3 percent of the respondents planning for more investment in Q4, down by 1.5 percentage points from a quarter ago.

Respondents who are willing to increase consumption in Q4 accounted for 28 percent, up 0.3 percentage points from Q3.