In May 2018, the Consumer Price Index (CPI) in China grew by 1.8% year-on-year, according to National Bureau of Statistics of China. Of which, the CPI grew up by 1.8% in cities, 1.7% in rural areas, 0.1% in food, 2.2% in non-food, 1.3% in consumer goods, and 2.5% in services. On average from January to May, the overall consumer prices were up by 2% from the same period of last … [Read more...]
Economy of China: News About China Economy Growth
How the crayfish played its $42 bn role in China’s economic growth
With the coming of summer and the World Cup, a wave of crayfish (or Xiaolongxia) sales is coming in China. Crayfish are not just a staple in the restaurant and catering industries but have also become a route to development for some rural counties. According to a report on the state of the industry, the top producers in China are Hubei's Jianli (county), Honghu (city), and … [Read more...]
China’s CPI grew 1.8% in Apr 2018
In April 2018, the Consumer Price Index (CPI) in China grew by 1.8% year-on-year, according to National Bureau of Statistics of China. Of which, the CPI went up by 1.8% in cities, 1.7% in rural areas, 0.7% in food, 2.1% in non-food, 1.3% in consumer goods, and 2.6% in services. From January to April 2018, the overall consumer prices were up by 2.1% from the same period of last … [Read more...]
China’s economy will eclipse the US economy by 2050
China continues to be the second largest economy in the world at $14 trillion, an increase of more than $2 trillion from a year earlier. … [Read more...]
China’s GDP up by 6.8% to US$3,141 billion in Q1 2018
The gross domestic product (GDP) of China was 19,878.3 billion yuan (US$3,141 billion) in Q1 2018, a year-on-year increase of 6.8% at comparable prices according to the preliminary estimates of National Bureau of Statistics of China. … [Read more...]
China consumer consumption structure: urban vs rural areas 2010-2016
Based on Analysis' data from 2010 till 2016, the consumption structure in China is changing. Non-based needs consumption is decreasing. For example, food consumption in the urban area dropped to 29.3% in 2016 from 35.7% in 2010; and, that in the rural area also dropped from 41.1% to 29.8% in the same period. … [Read more...]
Top 10 Cities in China Reshuffled! Who’s in Top 10?
Shanghai’s GDP exceeds RMB 3 trillion mark for the first time according to the economic data of 2017, stabilizing its No. 1 position of China cities. More importantly, it brings spillover effects to Yangtze River Delta and surrounding areas. … [Read more...]
2016-2017 China National Image Global Survey
China’s overall image is steadily improving overseas. Countries whose score of China rose the most were all developed countries; awareness of the Belt and Road Initiative rose significantly from three years ago; Chinese food and high-speed railway are most mentioned cultural and high-tech elements. … [Read more...]
Top 50 Chinese Global Brand Builders 2018
WPP and Kantar Millward Brown, in collaboration with Google, released the BrandZ Top 50 Chinese Global Brand Builders 2018 Report. It takes in-depth look at the Chinese brands that are making an impact with consumers in international markets and provides a rich seam of thought-provoking insights on how Chinese companies can successfully build their brands on a global scale. … [Read more...]
Top 10 Performing Chinese Cities in 2017
Chengdu, Chongqing, Guiyang, Shenzhen, and Nanjing rank on top of the Milken Institute’s Best-Performing Cities (BPC) China's top 10 performing cities list (tier-1 and tier-2 cities) while Nantong, Bengbu, and Foshan are the top 3 in the tier-3 cities group. … [Read more...]
China’s per capita disposable income up 9.1% to 19,342 yuan in Q3 2017
The gross domestic product (GDP) of China in the first three quarters of this year was 59,328.8 billion yuan (US$8,959.21 billion), a year-on-year increase of 6.9 percent at comparable prices, growing at the same speed as that in the first half of this year, or 0.2 percentage point higher than the same period last year. … [Read more...]
REPORT E-economy: China vs. the U.S.
China, in just a few years, has made the leap from a nearly unwired country to one of the most wired on earth. This incredible transformation has resulted in one of the most internet-driven economies, and because of China's sheer size, its e-finance and e-commerce companies are among the world's largest. … [Read more...]
Shanghai export growth has reached a new high of 18.7% in H1 2017
In the first half of 2017, Shanghai’s export growth has shown an increase of 18.7%. Ever since 2012, it’s the first time that Shanghai showed a double-digit growth. … [Read more...]
5 Trends of online businesses in China
E-commerce operations in China are currently moving from a scale of tens of trillions RMB to hundreds of, and it has gradually penetrated every aspect of economic and social life. AliResearch made some predictions on the future of e-commerce in five major areas. … [Read more...]
China’s environmental penalties close to US$1 bn in 2016
The Chinese government continued to increase its efforts to combat environmental violations in 2016 with a total number of 137.8 thousand cases investigated and fines totaled 6.633 billion yuan on 124.7 thousand cases, a record high according to the Ministry of Environmental Protection. … [Read more...]
China to spend twice as much as the US on development research by 2018
China is expected to invest up to twice as much as the US, or US$658 billion (4.5 trillion yuan) in another five years, in the back end of R&D chain, focusing on translating basic and applied research into commercial products and new manufacturing processes according to BCG. … [Read more...]