price hikes
The costs of living vary greatly across China, as does the average salary. National per capita monthly income for city dwellers in 2011 was 21,810 yuan ($3,461), which averages out at 1,817 yuan. In Beijing and Shanghai, where residents’ living standards are among the highest in China, per capita monthly income in 2010 was respectively [...]
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From NetEase Magazine The Economist introduced the Big Mac index in the last century based on the theory of purchasing-power parity: it benchmarks many countries’ prices of a Big Mac burger sold at the local McDonald’s against the U.S. average Big Mac price and thereby enables a comparison between many countries’ currencies. We’ve borrowed the idea to [...]
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China’s National Development and Reform Commission (NDRC) has announced oil price increase, effective at 12:00 a.m. on April 7. Gas price is up by 500 yuan per ton; diesel price up by 400 yuan per ton. On average, #90 gas and #0 diesel are up respectively by 0.37 and 0.34 yuan per liter. (US$0.212 and [...]
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The rapper(s) discusses Chinese inflation and rising Consumer Price Index (CPI), and tells how it affects people’s everyday life. The song is a parody of Taiwanese girl band S.H.E.’s Chinese Language (song title). The video features montage of several Stephen Chow’s movie excerpts. Stephen Chow is a very popular comedy actor/director in Greater China as [...]
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Original posts in Chinese: 1 2 3 4 China’s National Development and Reform Committee released the result of October’s consumer price monitoring in 36 cities nationwide. 80% of commodities are more expensive than in September. Talks about making ends meet come at a time when Chinese suddenly find their meals cost more, while their salaries remain [...]
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