inflation

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Chinese Way of Doing Business: In Cash We Trust

The New York Times’ David Barboza looks at the economic and political reasons why cash is so dominant in financial transactions in China and why the government has never printed currency in bills larger than 100 yuan: For...

Food Prices Escalate Amid Inflationary Pressures

In the National People’s Congress session, the government set a target of 3.5% inflation for 2013, but leaders have acknowledged that keeping consumer prices in check in a major challenge confronting the incoming Xi...

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...

CDT Money: Uncertainty Looms in 2013

November data has reinforced the cautious optimism that began to creep into the Chinese economy in September, as factory output and retail sales reached eight-month highs and inflation remained under control. Not all signs...

CDT Money: Time to Call the Bottom?

A breeze of cautious optimism wafted into the Chinese economy this week despite a seventh consecutive quarter of slowing GDP growth, as better-than-expected September data signaled that the world’s second largest economy...

Study Shows Shifting Anxieties in China

Lily Kuo and Ritchie King of Quartz break down the results of a just-released China public opinion survey by Pew Research Center, which revealed changing attitudes toward income inequality, corruption, the U.S. and other quality...

September Economic Data Exceeds Expectations

Economic data released over the weekend indicated that China’s economy may have begun to stabilize in September, as both the trade surplus and money supply grew more than estimated and inflation fell to its slowest pace in...

Is Chinese Consumption About to Collapse?

With a number of global companies reporting a drop in consumer demand from China, and others laying off China staff, Forbes’ Gordon Chang writes that it’s time for policymakers and analysts to revisit their...

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 Richer But Not Happier

At American Public Media’s Marketplace, Kai Ryssdal and Rob Schmitz discuss a recent study from the University of Southern California which suggested that rising incomes in China are failing to bring greater happiness to...

CDT Money: Earnings Season Marred by Cloud of Fraud

A preliminary measure of manufacturing activity painted a stabilizing picture of the Chinese factory sector this week, though concerns persist over potential export weakness as a trip by Wen Jiabao brought Europe back to the...

Inflation and Inequality

It is a truth, Zhu Rongji acknowledged, that a country with a Gini coefficient above 0.4 may be at risk of social unrest due to severe income inequality. While China’s official figure has been hidden for over ten years,...

CDT Money: To Ease, or Not to Ease?

Premier Wen Jiabao opened the annual meeting of the National People’s Congress on Monday by presenting a work report which revealed, among other targets, that the Chinese government planned GDP growth of 7.5% in 2012. The...

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