CPI

Coldest Winter in 28 Years Hits China

The cold front that hit southern China a week ago is likely to continue, creating pressure on the country’s transportation systems. Liza Lin at Bloomberg reports: Snow, ice and fog have caused havoc on the nation’s roads...

China Frets Over Coming Pork Shortage

As high costs for animal feed reduce profits and lead to declining pig herds, China is stockpiling frozen pork to control a feared round of soaring food prices next year. From Naveen Thukral at Reuters: Faced with sluggish...

China Inflation Down From Highs

From BBC News: China’s consumer price inflation fell back to an annual rate of 7.7% in May, official figures show, as efforts to slow food price growth kicked in. The decline from April’s 8.5% rate had been expected,...

China’s Rising Food Prices Cause Pain

From Time: Sixty-seven-year-old Beijing housewife Wang Litan faced an agonizing choice recently: Wang requires painkillers to manage chronic back pain caused by diabetes, but the steep rise in China’s food prices has...

Inflation in China Hits Highest Level Since 1996

China’s inflation rate increased 8.7% last month, the highest level in over 12 years. From China Confidential : Chinese officials say inflation in China is at its highest level since 1996, at 8.7 percent. The level is...

China Raises Minimum Wage To Calm Consumers

China’s inflation has become a headache for the government, so it is raising the minimum wage to calm down complaints about the consumer price index. Moming Zhou from MarketWatch.com reported the full story: In an effort...

Rising Food Prices Test Chinese Consumers – Peter Ford

From Christian Science Monitor: Mrs. Wang stood by the shelves of cooking oil in one of Beijing’s biggest supermarkets, inspecting the price stickers carefully. A retired factory worker on a modest pension, Wang, who gave only one name, used to be able to buy her favorite brand of oil, a key ingredient in Chinese cuisine. […]

Updated: Entry Level Salary of a White Collar Worker – Lola Xu’s blog

[UPDATE: Yesterday, the Chinese Academy of Social Sciences (CASS) denied that they published the list of entry level salaries for white collar workers. CASS said they would investigate this list and find who originally fabricated this news. Here is the CASS’s official statement . The news spread very quickly online and raised heated discussion.] Recently, […]

Entry Level Salary of a White Collar Worker – Lola Xu’s blog (Updated)

Recently, Chinese Academy of Social Sciences (CASS) published the living standards of so-called white collar workers [UPDATE Nov. 7: CASS is denying that they have published this report so it is now unclear where it originated.] From MSN Space translated by CDT: Evaluating the consumer price index, living expenses, transportation costs, degree of modernization and […]

Year Of The Pig Takes A Positive Turn – Richard McGregor

From Financial Times: The stench filling the air outside the Good Breeding pig farm in an otherwise bucolic mid-autumn day on Beijing’s rural outskirts is the best news Li Yongqiang has had for nearly a year. After cutting production in 2006 because of rising feed costs and low pork prices, Mr Li late last year […]

China Vows to Curb Inflation As Economy Heats Up – Reuters

From Reuters via Khaleej Times Online: The People’s Bank of China (PBOC) pledged action on Wednesday to keep a lid on prices and prevent expectations of rising inflation from taking hold. In its monetary policy report for the second quarter, the central bank reaffirmed that it will moderately tighten monetary policy as it is detecting […]

Impact of China Inflation Spurs Concern – Richard McGregor

From Financial Times: Like tens of millions of shoppers across China, Zhou Benqi has had to change her buying habits to cope with sharply rising prices of pork and eggs, staple foods for any Chinese family. “Because of price hikes, an ordinary meal is a big constraint on us, as my pension has already been […]

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