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Chinese ditching fixed phones for mobile 11/24/2011
by Chinaview.cnTopic: Economics
This has been a year of soaring profits for China's telecom industry, according to statistics released by the country's Ministry of Industry and Information Technology on Nov. 22.

The total revenue of China's mobile communications sector for the first 10 months of the year rose 14 percent from a year earlier to more than 592.2 billion yuan. In terms of its proportion to the ...Read More
Price collector gives us food for thought 11/14/2011
by Chinadaily.com.cnTopic: Statistics
Monitoring what butchers charge keeps track of CPI, Chen Jia reports from Sichuan.

Chen Li arrived at the market at 9 in the morning, the designated hour, to inquire about food prices. Pork, on that particular day, Oct 20, was 29 yuan ($4.56) a kilogram, butcher Sun Xun told Chen. It was the same price recorded in Chen's tally book on Oct 15, which, in turn, was 1 yuan lower than on ...Read More
China inflation eases to 5.5%, policy change caution urged 11/14/2011
by Chinadaily.com.cnTopic: Statistics
China's consumer price index (CPI), the main gauge of inflation, rose 5.5 percent year-on-year in October, weakening from September's 6.1 percent, the National Bureau of Statistics (NBS) said on Wednesday.

The October CPI growth marked the slowest surge since May this year, softening from 6.1 percent in September, 6.2 percent in August, 6.5 percent in July and 6.4 percent in Jun ...Read More
Housing market close to turning point 11/14/2011
by Chinadaily.com.cnTopic: Statistics
The continued tightening measures of the government and the poor autumn sales volume have forced Chinese property developers to cut housing prices nationwide, which indicates that the market is moving closer to a turning point.

Official statistics show that the housing inventory in China's first-tier cities is increasing, which is a desired downward trend for private homebuyers.
...Read More
Entrepreneurship boosts China's employment 11/14/2011
by Chinadaily.com.cnTopic: Statistics
Over 10 million entrepreneurs emerged in 90 Chinese cities between the start of 2008 and the end of 2010, the number growing on average 15 percent each year, said an official from the Ministry of Human Resources and Social Security (MOHRSS) on Friday.

Xin Changxing, deputy minister of the ministry said, in the 90 cities in which statistics were recorded, the average number of entreprene ...Read More
Trade statistics reform urged 10/24/2011
by Chinadaily.com.cnTopic: Economics
China is responding to proposals to reform the tabulation of trade statistics, a move that will more accurately reflect the international trade scenario, officials and experts said.

"Worked out by conventional trade calculation methods, China has a huge trade surplus. But this does not reflect the real scenario of international trade and is often misused by foreign politicians to c ...Read More
News Analysis: China's home prices may drop further because of macro control 10/24/2011
by Chinaview.cnTopic: Economics
"The rapid rise in property prices has been markedly contained, as the prices in some cities have begun to drop," the National Bureau of Statistics (NBS) spokesman Sheng Laiyun said in a press conference on October 18.

In order to keep housing prices down, the government adopted a series of tightening measures earlier this year, such as instructing local governments to set new ...Read More
China jails two officials for economic statistics leaks 10/24/2011
by Chinaview.cnTopic: Economics
Two officials have been jailed for divulging state secrets in relation to China's confidential economic statistics, procurators said Monday.

Sun Zhen, a former official from the National Bureau of Statistics, was sentenced to five years in prison for leaking 27 classified items between June 2009 and January of this year, said Li Zhongcheng, a senior procurator of the Supreme People& ...Read More
Local govts curb lending to indebted universities 10/11/2011
by Chinadaily.com.cnTopic: Economics
Several local governments in China have moved to curb lending to indebted universities amid worries of default under tight credit conditions.

This came after the central government showed concern over rising default risks in local governments funding platforms that followed tightening measures to curb inflation.

The local governments have been urging indebted universities to ...Read More
September sees 147.2 pct increase in Chinese tourists to Sri Lanka 10/11/2011
by People.com.cnTopic: Economics
Sri Lanka saw a 147 percent increase in Chinese tourists in September to push the number of total arrivals for last month to 27.2 percent increase, statistics from the Tourist Board showed on Tuesday.

In September, official statistics showed that the number of Chinese tourists has increased to 1,607 from 650 in September 2010, which is a 147.2 percent increase year on year.

D ...Read More
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