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China Consumer Behavior Trend Watching

China, Socialism & Consumer Behavior: Rising cost of luxury goods slows to 2009 level

Price increases for luxury goods and services in China this year are at their slowest level since 2009 but continue to outpace inflation, according to a report by the Hurun Research Institute. China’s Luxury Consumer Price Index, which measures price changes in 62 luxury items, rose 4.94 percent in June from a year earlier, 2.79 […]

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Information Technology Trend Watching

US State Secretary Hillary Rodham Clinton “Remarks on Internet Freedom” at the Newseum

Secretary of State Hillary Rodham Clinton delivered remarks on Internet Freedom on January 21, 2010 at 9:30 a.m. at the Newseum, in Washington, D.C.; Secretary Clinton’s policy address laid-out the Administration’s strategy for protecting freedom in the networked age of the 21st Century […]

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China Economics Trend Watching

e-Commerce in China: dot-com economy grew over 60 percent year on year in the second quarter/2008

China’s dot-com economy grew nearly 63 percent year on year in the second quarter, despite increasing inflation and the effects of the Sichuan earthquake, a Shanghai-based research firm reported recently. Revenue generated by China’s online search, game and travel providers reached 13.32 billion yuan (US$1.94 billion) in the April-to-June period, iResearch said…

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China Economics Trend Watching

Living in China: Inflation slows urban Chinese income growth

Urban Chinese saw their disposable income expand 3.4 percent in the first quarter of 2008, the lowest increase for the same period since 1997. The per-capita disposable income of the country’s urban households rose 11.5 percent year on year in the first three months to 4,386 yuan (about US$ 626.6). However, after counting in inflation, the growth slowed to 3.4 percent, the National Bureau of Statistics (NBS) announced on recently…

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China Consumer Behavior Economics

Living in China: Cost of food drives up Consumer Price Index to 8.5%

China’s consumer price index(CPI) rose 8.5 percent in April, mainly driven by uncurbed food costs, the National Bureau of Statistics(NBS) said recently. The figure, compared with 8.3 percent in March and a nearly 12-year-high of 8.7 percent in February, was broadly in line with most forecasts.
The NBS attributed the figure to a low base of comparison: the CPI rose just 3 percent in April 2007. Another factor was the rapid increase in world grain and commodity prices…

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China Consumer Behavior Economics

Living in China: Beijing’s Consumer Price Index rose 6.5% in April 2008

Beijing’s consumer price index (CPI) rose 6.5% in April, according to the latest statistics from the Beijing Municipal Bureau of Statistics and the Chinese National Bureau of Statistics Beijing Survey Organization. Food prices rose 21.6%; while non-food prices rose 0.3%. Consumer goods prices rose 8.7% and that of service rose 0.8%. Food prices increased by 21.6% as compared with the same month last year, among which grain prices increased 9.0%; oil prices increased 29.2%; meat and its products prices increased 46.8%; egg prices increased 6.3%; aquatic products increased 19.9%; and vegetables prices increased 11.4%…

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China Innovation

Intellectual Property: China to strengthen IPR protection

Chinese government will work to strengthen intellectual property rights (IPR) protection, China’s Vice Premier Wu Yi said on a national conference for directors of intellectual property offices recently. China has made progress in the past 30 years in IPR protection, represented by the growing number and quality of IPRs which have been widely and effectively applied to practical production, Wu said…

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China Information Technology

2007 Retrospective: Top 10 News Events in China

The following are the top 10 domestic news events in the year 2007 selected by Xinhua News, China’s Official News Agency (in chronological order): 1. China’s top legislature, the National People’s Congress (NPC), adopted a landmark property law on March 16, granting equal protection to public and private properties. 2. Serious pollution caused a sudden stenchy algae outbreak in China’s third largest freshwater lake Taihu in late May, cutting tap water supply to more than one million residents in Wuxi, Jiangsu Province…