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...
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...
Burma Rivers Network reveals that the China Power Investment Corporation is ignoring the advice of its own impact assessment in pushing ahead with construction of the 500-foot Myitsone Dam in northern Burma. The 945-page...
From Bloomberg: China’s consumer prices fell for a fourth month, making it easier for the government to keep interest rates low and boost spending to revive the world’s third-largest economy. Prices dropped 1.4 percent in May...
From Bloomberg: China’s inflation cooled to the slowest pace in 10 months, giving the government more room to restrain the yuan’s advance and bolster economic growth. Consumer prices rose 6.3 percent in July from a...
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,...
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...
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’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...
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. […]
[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, […]
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 […]
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 […]
From Bloomberg News: China will probably raise interest rates by the end of September to cool the economy after inflation accelerated to a 10-year high and record trade surpluses pumped cash into the financial system. Rates will increase this quarter for the fourth time since March, 11 of 16 economists in a Bloomberg News survey […]
From AP via SignOnSanDiego.com: The government slammed Chinese instant noodle makers Friday as being partly to blame for a surge in inflation, saying they illegally colluded to boost prices by up to 40 percent in a scheme that has prompted public outcry. The report came amid a nationwide probe into whether price-fixing or hoarding by […]
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 […]
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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