Tag Archives: inflation

China, Socialism & Consumer Behavior: Consumer spending helps boost Shanghai’s growth

Shanghai's economy made further progress last month as a result of continued strong growth in local consumer spending and investment, while exports also improved to help strengthen a growing recovery [...]
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China, Technology and the Environment: Electricity bills to jump for Chinese industries

China announced a 5.7 percent increase in electricity prices for businesses and industries and said it will adjust residential tariffs early next year through a new pricing mechanism to promote energy savings [...]
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Living in China: Chinese households to get annual income over 60,000 yuan

Not a recent piece of news, but it would be interesting to see if the trend has been updated since then: a Chinese expert predicted 55 percent Chinese households will have a yearly income over 60,000 yuan (8,0407 U.S. dollars) by 2020, the Beijing Morning Post reported in Beijing [...]
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Living in China: Beijing ranked as most expensive city for expatriates

A recent survey by ECA International, a London-based human resources consultant, ranked Beijing as the 31st most expensive city for expatriates in the world, surpassing Hong Kong to become the most expensive city in China [...]
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China, Socialism & Consumer Behavior: auto prices to fall in Q4/2008 on slowing demand

Auto prices in China were expected to fall in the fourth quarter led by slowing demand, the price monitoring center under the Chinese National Development and Reform Commission (NDRC) said in a report on recently. Prices fell 2.09 percent in the first nine months due to excessive output and oversupply of new models in the second and third quarters, it said...
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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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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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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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Living in China: Shanghai GDP increases 13.3% in 2007

Shanghai, the most powerful economic hub of China, achieved GDP of US$1.2 trillion in 2007, up 13.3% from a year earlier, marking a double-digit growth for 16 consecutive years, the Shanghai Statistics Bureau announced recently. The city's 2007 GDP per capita stood at US$8,594 in the local calculation method, said Pan Jianxin, director of Shanghai Bureau of Statistics. And in accordance with the international standards, the figure would hit US$8,949, said Pan...
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2007 Retrospective: Top 10 Economy Events in China

The following is the 2007 Top 10 Economic Stories Selection from Economic Information Daily and Perfect China Co Ltd. The chief editors of 16 Beijing-based news organizations, including Zhu Ling, editor-in-chief of China Daily, as well as renowned local economists, put together this selection of the year's top stories. 1. Property The National People's Congress, China's top legislature, passed the Property Law of the People's Republic of China on March 16. The law granted equal protection to public and private properties for the first time...
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