Sa, iPilot, pead ka kõik hea ja ilusa ära rikkuma :(
See, et USA krediitkaart on Hiina käes, jääb faktiks ikka. Ära kurvasta :-)
Siin hakkab veel mängu ilu nägema.
Siin hakkab veel mängu ilu nägema.
Hiina firmade oma kaubamärkide ja jaekettide loomine võib lähiaastatel olla oluline trend näiteks rõiva- ja kingaäris, kus marginalid on olnud kõrged tänu Hiina allhankele:
Footwear maker wears own shoes
Last Updated(Beijing Time):2006-03-17 11:20
China's largest leather shoemaker has put the shoes on its own feet, deciding to sell footwear under its own brand after being a supplier to famous brands such as Prada and Timberland for more than a decade.
Hong Kong-based Stella International Ltd, which exported 5 billion yuan (US$621 million) worth of shoes last year, plans to open 100 stores across China under the Stella Luna brand in three years.
"We plan to invest 1 billion yuan to open the stores in China's major cities like Shanghai, Beijing, Chengdu and Chongqing," said Jimmy Chen, the firm's chairman, who opened its first store on Shanghai's Huaihai Road.
He added that the firm plans to have 30 stores this year alone.
The company, which is the original design manufacturer for LVMH Group, Paul Smith and other top luxury brands, said it also signed an agency deal with American fashion brand Guess pending its entry to the US market.
"The partner will help us open stores in New York and San Francisco in two years," said Chen. "We will later expand our brand to Europe and other Asian markets including Japan."
Source:Shanghai Daily
Footwear maker wears own shoes
Last Updated(Beijing Time):2006-03-17 11:20
China's largest leather shoemaker has put the shoes on its own feet, deciding to sell footwear under its own brand after being a supplier to famous brands such as Prada and Timberland for more than a decade.
Hong Kong-based Stella International Ltd, which exported 5 billion yuan (US$621 million) worth of shoes last year, plans to open 100 stores across China under the Stella Luna brand in three years.
"We plan to invest 1 billion yuan to open the stores in China's major cities like Shanghai, Beijing, Chengdu and Chongqing," said Jimmy Chen, the firm's chairman, who opened its first store on Shanghai's Huaihai Road.
He added that the firm plans to have 30 stores this year alone.
The company, which is the original design manufacturer for LVMH Group, Paul Smith and other top luxury brands, said it also signed an agency deal with American fashion brand Guess pending its entry to the US market.
"The partner will help us open stores in New York and San Francisco in two years," said Chen. "We will later expand our brand to Europe and other Asian markets including Japan."
Source:Shanghai Daily
Stephen Roach (Morgan Stanley) raport China Development Forumist (Hiina pingutus suurendada eratarbimist, Hiina peaministri kommentaarid, Ameerika pro-tariif senaatorite Hiinavisiidist):
http://www.morganstanley.com/GEFdata/digests/20060322-wed.html#anchor0
http://www.morganstanley.com/GEFdata/digests/20060322-wed.html#anchor0
FT: China’s competitiveness ‘on the decline’
By Tom Mitchell in Hong Kong
Published: March 22 2006 18:21 | Last updated: March 23 2006 03:28
The competitiveness of China’s manufacturing industries has suffered serious erosion over the past year, according to one of the world’s largest trade sourcing companies.
Varsti on Hiina tõsises hädas oma liigse tootmisvõimsusega.
By Tom Mitchell in Hong Kong
Published: March 22 2006 18:21 | Last updated: March 23 2006 03:28
The competitiveness of China’s manufacturing industries has suffered serious erosion over the past year, according to one of the world’s largest trade sourcing companies.
Varsti on Hiina tõsises hädas oma liigse tootmisvõimsusega.
Varasematest tunduvalt rahulikumad numbrid Hiinast, tundub mulle:
Foreign Investment rose 6.4% in 1st quarter
Last Updated(Beijing Time):2006-04-15 11:17
Foreign direct investment in China, the world's second-largest recipient of funds from abroad, rose 6.4 percent in the first three months of the year from a year earlier.
Actual foreign investment rose to $14.25 billion, the Beijing-based Ministry of Commerce said today on its Web site. Foreign investment rose 7.8 percent to $8.6 billion in the first two months.
Ja kindlasti tõusvad nafta- ja metallihinnad, koos üha kallineva tööjõukuludega, valmistavad Hiinale probleeme:
China to curb excessive growth in fixed asset investment, money supplies
Last Updated(Beijing Time):2006-04-15 13:22
The Chinese government on Friday moved to avert a possible overheating economy by tightening controls on fixed asset investments and money supply.
The State Council made the decision at an executive meeting chaired by Premier Wen Jiabao, where it pledged to tackle other problems giving priority to grain production and raising farmers' incomes.
Foreign Investment rose 6.4% in 1st quarter
Last Updated(Beijing Time):2006-04-15 11:17
Foreign direct investment in China, the world's second-largest recipient of funds from abroad, rose 6.4 percent in the first three months of the year from a year earlier.
Actual foreign investment rose to $14.25 billion, the Beijing-based Ministry of Commerce said today on its Web site. Foreign investment rose 7.8 percent to $8.6 billion in the first two months.
Ja kindlasti tõusvad nafta- ja metallihinnad, koos üha kallineva tööjõukuludega, valmistavad Hiinale probleeme:
China to curb excessive growth in fixed asset investment, money supplies
Last Updated(Beijing Time):2006-04-15 13:22
The Chinese government on Friday moved to avert a possible overheating economy by tightening controls on fixed asset investments and money supply.
The State Council made the decision at an executive meeting chaired by Premier Wen Jiabao, where it pledged to tackle other problems giving priority to grain production and raising farmers' incomes.
Hmm, see on huvitav, et niipalju tähelepanu pühendati tervailjale. Lugesin kuskilt kollasevõitu investeerimislehelt, et tõusvate energia ja toorainete hindade juures on praegu teravili ja puuvill alahinnatud ning suure tõusupotentsiaaliga. Seda näib kinnitavat ka Stovalli mudel. Kas keegi oskab kommenteerida maailma teravilja ning puuvilla seisu ning pakkuda välja investeermisfonde, mis põhiliselt sellega tegelevad?
Puuvillahinnad millegipärst ei tõusnud, jah. Lugesin, et Hiina ostab isegi Ameerikast (äkki seal subsideeritud). Arvan ka et Hiina on ka oma enda puuvillatoodangu kõvasti tõstnud viimati.
http://www.futuresource.com/charts/charts.jsp?s=CT1%21&o=&a=D&z=610x300&d=medium&b=LINE&st=
http://www.futuresource.com/charts/charts.jsp?s=CT1%21&o=&a=D&z=610x300&d=medium&b=LINE&st=
Chinese President Hu Jintao said today that China’s economy grew 10.2% in the first quarter of this year compared to the same period last year, but said the government is concerned about overly rapid growth.
“We do not seek high-speed economic growth,” Hu said during a meeting with a former Taiwan opposition leader in Beijing. “We are concerned about the pace of development and the quality and the effect of our growth. We are also concerned about saving our resources, environmental protection and the improvement of our people’s livelihood.”
Allikas: "Irish Examiner" 16.04.2006
“We do not seek high-speed economic growth,” Hu said during a meeting with a former Taiwan opposition leader in Beijing. “We are concerned about the pace of development and the quality and the effect of our growth. We are also concerned about saving our resources, environmental protection and the improvement of our people’s livelihood.”
Allikas: "Irish Examiner" 16.04.2006
Andy Xie (MorganStanley) kirjeldas eile miks inflatsioon Hiina poolt võib tõusta:
The world has dumped its pollution in China in the past five years. According to China’s EPA, China’s pollution is 12 times the world average per unit of GDP. The emission of sulfur dioxide is 22.5 mn tons compared to the maximum carrying capacity of 12 for the country. Two-fifths of the seven major river basins are severely polluted. 90% of the rivers running through cities suffer from severe pollution problems. 300 million rural residents have no access to purified water. One-third of China’s territory suffers from the effects of acid rain. Two-thirds of the population suffers from poor air quality.
China’s environmental catastrophe is a poorly understood factor in the global disinflationary trend. If the relocated factories had to subscribe to the same environmental standards as in the OECD countries, goods made in China may not have been so cheap. My guesstimate is that the lesser costs for pollution have been more important than cheap labor in the disinflationary pressure from China.
China is waking up to the need to normalize pollution costs. Guangdong Province may close thousands of businesses that do not meet environmental regulations. The NDRC just issued tightening instructions on the carbide-based PVC industry that creates serious pollution.
China’s policies to increase wages (see ‘Raising Wages, not Currency’, 12 May 2006) will increase China’s export price substantially, by 20-30% for industries like knitwear. The normalization of pollution standards could do the same for many chemical products.
Normalization of China’s production is a major source of cyclical inflation. Part of the unsustainable disinflation between 2002-05 has to be regurgitated.
The world has dumped its pollution in China in the past five years. According to China’s EPA, China’s pollution is 12 times the world average per unit of GDP. The emission of sulfur dioxide is 22.5 mn tons compared to the maximum carrying capacity of 12 for the country. Two-fifths of the seven major river basins are severely polluted. 90% of the rivers running through cities suffer from severe pollution problems. 300 million rural residents have no access to purified water. One-third of China’s territory suffers from the effects of acid rain. Two-thirds of the population suffers from poor air quality.
China’s environmental catastrophe is a poorly understood factor in the global disinflationary trend. If the relocated factories had to subscribe to the same environmental standards as in the OECD countries, goods made in China may not have been so cheap. My guesstimate is that the lesser costs for pollution have been more important than cheap labor in the disinflationary pressure from China.
China is waking up to the need to normalize pollution costs. Guangdong Province may close thousands of businesses that do not meet environmental regulations. The NDRC just issued tightening instructions on the carbide-based PVC industry that creates serious pollution.
China’s policies to increase wages (see ‘Raising Wages, not Currency’, 12 May 2006) will increase China’s export price substantially, by 20-30% for industries like knitwear. The normalization of pollution standards could do the same for many chemical products.
Normalization of China’s production is a major source of cyclical inflation. Part of the unsustainable disinflation between 2002-05 has to be regurgitated.
Palgatõus ka Hiinas:
Income grows steadily in Yangtze delta
Last Updated(Beijing Time):2006-05-22 16:37
Residents in Yangtze River Delta received an average disposable income of 5,375 yuan (US$671) in the first quarter of this year, growing 14.4 percent from a year earlier, the National Bureau of Statistics reported today.
The average disposable income of a Shaoxing resident was 7,281 yuan in the period, the highest of the 16 cities in the delta. It also posted the fastest growth rate in the area. Shanghai ranked fifth with 5,870 yuan.
Income grows steadily in Yangtze delta
Last Updated(Beijing Time):2006-05-22 16:37
Residents in Yangtze River Delta received an average disposable income of 5,375 yuan (US$671) in the first quarter of this year, growing 14.4 percent from a year earlier, the National Bureau of Statistics reported today.
The average disposable income of a Shaoxing resident was 7,281 yuan in the period, the highest of the 16 cities in the delta. It also posted the fastest growth rate in the area. Shanghai ranked fifth with 5,870 yuan.
Hiinast muudki põnevat: imerohi vähi vastu :)
http://www.markskousen.com/visitor.php?offer=10327
http://www.markskousen.com/visitor.php?offer=10327
Tore lugu,
kiiresti silmadega üle lastes on nagu nigeeria kiri :)
ehk on guuglist abi
kiiresti silmadega üle lastes on nagu nigeeria kiri :)
ehk on guuglist abi
Veel Hiina inflatsiooni teemal (kuigi ametlik inflatsioon endiselt madal):
The Shenzhen government will raise minimum wage by 17.4 percent to 810 yuan (US$100) a month, or 4.66 yuan per hour, for a year from July 1.
A government official said the growth of minimum wage will help attract more qualified laborers to meet the needs of the city's economic development, since 82 percent of Shenzhen's 7 million people are from other cities.
---
The recent increase in the price of oil products in China by at least 10 per cent is unlikely to lead to inflation, analysts say.
"I am not worried about inflation- the Chinese economy is developing steadily," said Zhou Fengqi, an energy expert who previously worked at the National Development and Reform Commission(NDRC).
The NDRC, China's top economic planning body, last week increased the price of gasoline by 10.6 per cent, diesel by 12.3 per cent and jet fuel by 10.3 per cent.
The Shenzhen government will raise minimum wage by 17.4 percent to 810 yuan (US$100) a month, or 4.66 yuan per hour, for a year from July 1.
A government official said the growth of minimum wage will help attract more qualified laborers to meet the needs of the city's economic development, since 82 percent of Shenzhen's 7 million people are from other cities.
---
The recent increase in the price of oil products in China by at least 10 per cent is unlikely to lead to inflation, analysts say.
"I am not worried about inflation- the Chinese economy is developing steadily," said Zhou Fengqi, an energy expert who previously worked at the National Development and Reform Commission(NDRC).
The NDRC, China's top economic planning body, last week increased the price of gasoline by 10.6 per cent, diesel by 12.3 per cent and jet fuel by 10.3 per cent.
Hiina valuutareserv tõusis märtsist maini 875 mrd USDlt 941 mrd USDni. Huvitav kui kaua veel Hiina tahab reaaltooteid prinditud dollari vastu välja vahetada.
FDI (otseinvesteeringud välismaalt) Hiinasse vähenes H1 0,5% võrra, pärast 12% vähenemist juunis. Ei mäleta millal ma viimati nägin mingisuguseid miinusnumbreid Hiinast.
FDI (otseinvesteeringud välismaalt) Hiinasse vähenes H1 0,5% võrra, pärast 12% vähenemist juunis. Ei mäleta millal ma viimati nägin mingisuguseid miinusnumbreid Hiinast.
Guangdong raises minimum salary level
Last Updated(Beijing Time):2006-07-13 09:23
GUANGZHOU: South China's Guangdong Province will raise its minimum salary levels in September, in attempt to make the province a more appealing destination for migrant workers.
The increased monthly pay will benefit more than 23 million migrants workers who are currently employed in the province, said Fang Chaogui, director general of Guangdong Provincial Bureau of Labour and Social Security.
"Guangdong will once again lead the way in minimum salary levels," Fang told a press conference in Guangzhou, capital of Guangdong Province, yesterday.
After the new standard comes into effect September 1, workers in Guangzhou will earn a minimum of 780 yuan (US$97.5). In Shenzhen it is increased to 810 yuan (US$101.25), while in cities Zhuhai, Foshan, Dongguan and Zhongshan the minimum will be 690 yuan (US$86.25).
The increase is on average 17.8 per cent, Fang said.
...
Source:China Daily
Last Updated(Beijing Time):2006-07-13 09:23
GUANGZHOU: South China's Guangdong Province will raise its minimum salary levels in September, in attempt to make the province a more appealing destination for migrant workers.
The increased monthly pay will benefit more than 23 million migrants workers who are currently employed in the province, said Fang Chaogui, director general of Guangdong Provincial Bureau of Labour and Social Security.
"Guangdong will once again lead the way in minimum salary levels," Fang told a press conference in Guangzhou, capital of Guangdong Province, yesterday.
After the new standard comes into effect September 1, workers in Guangzhou will earn a minimum of 780 yuan (US$97.5). In Shenzhen it is increased to 810 yuan (US$101.25), while in cities Zhuhai, Foshan, Dongguan and Zhongshan the minimum will be 690 yuan (US$86.25).
The increase is on average 17.8 per cent, Fang said.
...
Source:China Daily
Jah, aga - kas selline palgatõus reaalselt tõstab firmade kulutusi tööjõule või toob kasvav palkade gradient kaasa väiksema tööjõu liikuvuse ja seega oluliselt väiksemad kulutused koolitusele ja kõrgema tööjõudlikuse? Hiina tööjõud võib ju olla odav, aga siiani kaasnes sellega see, et töötajad lahkus umbes 2 aasta pärast (k.a. koolitus) tagasi sisemaale kodukülla kus ostis omale maja / abiellus ja jätkas suures osas eelmist elu.
---
Looking at the other side of the coin
---
Looking at the other side of the coin
Hiinast on suvel hakanud üha sagedamini tulema uudiseid kuidas püüakse ümber suunata majandus sisemaise tarbimise poole:
www.chinadaily.cn
Hu pledges to rein in economic boom
(Agencies)
Updated: 2006-07-24 21:42
President Hu Jintao called Monday for more efforts to control sizzling economic growth and spread the benefits of China's boom to the poor, state media reported.
Hu's public appeal reflected mounting official urgency about the twin challenges of managing China's surging growth and assuaging public anger at a growing gap between rich and poor.
The president called for faster capitalist-style reforms and more effective economic controls at a meeting of Communist Party leaders and prominent figures outside the party, the official Xinhua News Agency and state television said.
In keeping with those concerns, the leadership announced that its annual Central Committee meeting will take place in October and focus on spreading wealth to the millions left behind by reforms that have enriched an urban elite.
The government must "control the scale of investment" in the second half of this year, Hu said, after economic growth soared to 11.3 percent in the second quarter, its highest rate in a decade.
Hu didn't mention any new initiatives. The government has already tightened lending rules for banks and barred building of villas and other luxury projects outright. Despite that, the number of new construction projects soared by 22.2 percent in the first half. Economists expect Beijing to raise interest rates for a second time this year.
Xinhua said the party meeting in October will focus on building a "harmonious country" - a reference to official efforts to ease tensions over China's growing wealth gap between regions and social classes.
Hu called for officials to "resolve issues that seriously concern the people and the masses," such as improving access to schools and doctors, the reports said.
The government faces rising public frustration in areas throughout the country over the loss of farmland to real estate development.
Earlier Monday, the government announced new proposed rules to limit foreign investment in real estate in an effort to cool off the building boom.
Foreigners would face "restrictions on residential property purchases," Xinhua said, without giving details. It said developers would be required to invest more of their own money in projects to reduce heavy borrowing.
The rules are meant to "improve the efficiency of using foreign investment," Xinhua said. It didn't say when they would take effect.
China has had limited success in attempts to control frenzied building of factories, luxury apartment and other projects that has turned its cities into forests of construction cranes.
Investment from Hong Kong and other sources outside Chinaese mainland has poured into real estate.
Foreign investment in real estate rose 27.9 percent in the first six months of the year, compared with the same period of 2005, Xinhua said, without giving the total amount invested.
Investors apparently hope to profit from rising prices and an anticipated rise in China's currency, the yuan, which would push up the value of mainland assets in foreign currency terms.
SPURRING CONSUMPTION
Xie Fuzhan, vice head of the Development Research Centre, a think-tank under the cabinet, was cited by state media on Monday as saying China should raise interest rates and increase the yuan's flexibility to help tighten credit.
Hu stressed the need to rebalance the economy away from exports and investment towards domestic consumption to help sustain the country's economic growth.
"We should actively expand domestic demand to let it play a greater role in driving economic growth and expand consumption by peasants and low-income urban residents," he said.
Many economists say that a key obstacle to expanding consumption will be to improve the social welfare and health care systems so that low-income groups feel less of a need to save for a rainy day.
China would also take steps to bring greater balance to its trade, including pushing for exporters to move up the value chain, the agency cited Hu as saying.
The government is considering plans to cut tax rebates for exporters as part of a drive to wean the economy off of exports of resource-intensive products.
Hu also pledged to push reforms of state-owned enterprises and also deepen reforms in taxation and financial sectors.
www.chinadaily.cn
Hu pledges to rein in economic boom
(Agencies)
Updated: 2006-07-24 21:42
President Hu Jintao called Monday for more efforts to control sizzling economic growth and spread the benefits of China's boom to the poor, state media reported.
Hu's public appeal reflected mounting official urgency about the twin challenges of managing China's surging growth and assuaging public anger at a growing gap between rich and poor.
The president called for faster capitalist-style reforms and more effective economic controls at a meeting of Communist Party leaders and prominent figures outside the party, the official Xinhua News Agency and state television said.
In keeping with those concerns, the leadership announced that its annual Central Committee meeting will take place in October and focus on spreading wealth to the millions left behind by reforms that have enriched an urban elite.
The government must "control the scale of investment" in the second half of this year, Hu said, after economic growth soared to 11.3 percent in the second quarter, its highest rate in a decade.
Hu didn't mention any new initiatives. The government has already tightened lending rules for banks and barred building of villas and other luxury projects outright. Despite that, the number of new construction projects soared by 22.2 percent in the first half. Economists expect Beijing to raise interest rates for a second time this year.
Xinhua said the party meeting in October will focus on building a "harmonious country" - a reference to official efforts to ease tensions over China's growing wealth gap between regions and social classes.
Hu called for officials to "resolve issues that seriously concern the people and the masses," such as improving access to schools and doctors, the reports said.
The government faces rising public frustration in areas throughout the country over the loss of farmland to real estate development.
Earlier Monday, the government announced new proposed rules to limit foreign investment in real estate in an effort to cool off the building boom.
Foreigners would face "restrictions on residential property purchases," Xinhua said, without giving details. It said developers would be required to invest more of their own money in projects to reduce heavy borrowing.
The rules are meant to "improve the efficiency of using foreign investment," Xinhua said. It didn't say when they would take effect.
China has had limited success in attempts to control frenzied building of factories, luxury apartment and other projects that has turned its cities into forests of construction cranes.
Investment from Hong Kong and other sources outside Chinaese mainland has poured into real estate.
Foreign investment in real estate rose 27.9 percent in the first six months of the year, compared with the same period of 2005, Xinhua said, without giving the total amount invested.
Investors apparently hope to profit from rising prices and an anticipated rise in China's currency, the yuan, which would push up the value of mainland assets in foreign currency terms.
SPURRING CONSUMPTION
Xie Fuzhan, vice head of the Development Research Centre, a think-tank under the cabinet, was cited by state media on Monday as saying China should raise interest rates and increase the yuan's flexibility to help tighten credit.
Hu stressed the need to rebalance the economy away from exports and investment towards domestic consumption to help sustain the country's economic growth.
"We should actively expand domestic demand to let it play a greater role in driving economic growth and expand consumption by peasants and low-income urban residents," he said.
Many economists say that a key obstacle to expanding consumption will be to improve the social welfare and health care systems so that low-income groups feel less of a need to save for a rainy day.
China would also take steps to bring greater balance to its trade, including pushing for exporters to move up the value chain, the agency cited Hu as saying.
The government is considering plans to cut tax rebates for exporters as part of a drive to wean the economy off of exports of resource-intensive products.
Hu also pledged to push reforms of state-owned enterprises and also deepen reforms in taxation and financial sectors.
Iga päev uudised Hiinast sellest et leevendada investeerimisbuumi ja tõsta sisemaist tarbimist. Tulemuseks kõrgemad palgad ja hinnad:
China has accelerated plans to impose a tax on gasoline, diesel and kerosene to encourage conservation amid surging oil imports.
The government wants to roll out the tax in the near future and is closely watching world oil prices, Xinhua news agency said, citing Vice Finance Minister Liao Xiaojun.
Shanghai Daily
China's premier called for urgent steps to prevent economic overheating, state media reported Thursday, highlighting the increasing concern about keeping the nation's soaring growth from igniting a financial crisis.
"We must take forceful measures to resolve prominent problems to prevent the economy's rapid growth from turning into overheating," Premier Wen Jiabao said Wednesday in a teleconference with officials nationwide, according to news reports.
Wen, China's top economic official, told officials to "resolutely control" an investment boom that drove economic growth in the second quarter to 11.3 percent, its highest rate in a decade, the Communist Party newspaper People's Daily and the official Xinhua News Agency, among others, reported.
Chinese leaders want to keep economic growth high in order to reduce poverty. But they worry that double-digit growth in investment and lending could soar out of control, igniting inflation or leaving banks buried under dangerously high debt.
AP
Shanghai drops in disposable income ranking
Last Updated(Beijing Time):2006-07-27 13:30
First the bad news. Shanghai dropped from first to fourth in a ranking of disposable income in 16 Yangtze Delta cities, the National Bureau of Statistics said yesterday.
But the good news is the city's disposable income climbed 10.9 percent in the first half of 2006 from a year earlier to 1,784 yuan (US$223) per month.
The bureau also said the disposable income gap between cities in the Yangtze Delta region remained high in the first half of this year due to uneven economic development within the area.
Nonetheless, disposable income in the 16 regional cities climbed 15 percent in the first six months to an average of 1,533 yuan per month compared to a year earlier. The growth was 0.3 percentage points slower than the same period last year.
"Unlike smaller cities in Zhejiang Province, people in Shanghai prefer a stable job rather than setting up businesses," said Li Mingliang, an analyst at Haitong Securities Co. "But salary levels are still higher in Shanghai than other Yangtze delta cities as more multinational companies have offices here."
The top three cities are in Zhejiang with Shaoxing ranked No. 1. It's average disposable income was 1,857 yuan per month, up 18.3 percent from a year earlier. Shaoxing was followed by Taizhou and Ningbo.
Shanghai Daily
1857 yuan oleks siis umbes 230 USD, ehk juba 2 800 EEK
China has accelerated plans to impose a tax on gasoline, diesel and kerosene to encourage conservation amid surging oil imports.
The government wants to roll out the tax in the near future and is closely watching world oil prices, Xinhua news agency said, citing Vice Finance Minister Liao Xiaojun.
Shanghai Daily
China's premier called for urgent steps to prevent economic overheating, state media reported Thursday, highlighting the increasing concern about keeping the nation's soaring growth from igniting a financial crisis.
"We must take forceful measures to resolve prominent problems to prevent the economy's rapid growth from turning into overheating," Premier Wen Jiabao said Wednesday in a teleconference with officials nationwide, according to news reports.
Wen, China's top economic official, told officials to "resolutely control" an investment boom that drove economic growth in the second quarter to 11.3 percent, its highest rate in a decade, the Communist Party newspaper People's Daily and the official Xinhua News Agency, among others, reported.
Chinese leaders want to keep economic growth high in order to reduce poverty. But they worry that double-digit growth in investment and lending could soar out of control, igniting inflation or leaving banks buried under dangerously high debt.
AP
Shanghai drops in disposable income ranking
Last Updated(Beijing Time):2006-07-27 13:30
First the bad news. Shanghai dropped from first to fourth in a ranking of disposable income in 16 Yangtze Delta cities, the National Bureau of Statistics said yesterday.
But the good news is the city's disposable income climbed 10.9 percent in the first half of 2006 from a year earlier to 1,784 yuan (US$223) per month.
The bureau also said the disposable income gap between cities in the Yangtze Delta region remained high in the first half of this year due to uneven economic development within the area.
Nonetheless, disposable income in the 16 regional cities climbed 15 percent in the first six months to an average of 1,533 yuan per month compared to a year earlier. The growth was 0.3 percentage points slower than the same period last year.
"Unlike smaller cities in Zhejiang Province, people in Shanghai prefer a stable job rather than setting up businesses," said Li Mingliang, an analyst at Haitong Securities Co. "But salary levels are still higher in Shanghai than other Yangtze delta cities as more multinational companies have offices here."
The top three cities are in Zhejiang with Shaoxing ranked No. 1. It's average disposable income was 1,857 yuan per month, up 18.3 percent from a year earlier. Shaoxing was followed by Taizhou and Ningbo.
Shanghai Daily
1857 yuan oleks siis umbes 230 USD, ehk juba 2 800 EEK
Mda arvavad spetsialistid Hiina indeks aktsiatest näiteks FXI - iShares FTSE/Xinhua China 25 Index http://finance.yahoo.com/q?s=FXI)