China Current Events

Chinese News Site Updated Daily

China Stats for the Week: April 23-29

Posted on | April 29, 2012 | No Comments

China’s central government has moved to bar certain government agencies from buying foreign cars, potentially excluding global auto makers from a market that totals between 70 billion and 80 billion yuan ($11.1 billion to $12.7 billion).

Demand for vehicles could register single-digit growth rates for a second year in a row – the slowest back-to-back years since the market took off in the late 1990s.

Chinese consumers bought 2.1 million SUVs last year, an increase of 25 per cent and representing almost 12 per cent of total light vehicle sales, according to J.D. Power and LMC Automotive.

China’s mining sector saw 185 accidents in the first quarter of the year, that led to the deaths of 289 people, the State Administration of Work Safety said last Friday. Altogether 1,973 miners were killed in colliery accidents last year.

In 2009 China pledged billions of dollars for research on clean vehicles and called for annual sales of 500,000 cars by 2015.  Developers have yet to achieve breakthroughs and will be lucky to sell 2,000 cars this year, mostly taxis.

In 2011, the National Bureau of Statistics said the percentage of China’s population living in cities reached 51.3 percent. The figure was only 36.2 percent in 2000.

A study by the State Council’s Development Research Center (DRC) said that by 2030 nearly 67 percent of China’s population would live in cities. This represents an extra 300 million people compared to the number in 2012.

China is now home to 158 million migrant workers and their salaries increased by 21.2 percent from 2010 to 2011, according to the National Bureau of Statistics.

Nearly half of migrant workers, the survey found, still work in the coastal provinces of Guangdong, Zhejiang, Jiangsu and Shandong.

Last year, migrants’ average monthly salaries increased by 21.2 percent, rising to 2,049 yuan ($324). They worked 8.8 hours a day on average and 25.4 days a month.

More than 84.5 percent reported toiling for more than 44 hours a week – exceeding the legal limit on work time.

Comments

Leave a Reply

You must be logged in to post a comment.

  • RSS China Current Events

    • US says Europeans could help more in South China Sea dispute - Reuters July 30, 2015
      Financial TimesUS says Europeans could help more in South China Sea disputeReutersWASHINGTON In a rare admonishment of a close ally, the United States urged the European Union on Wednesday to speak out more forcefully to support Washington in its dispute with China over building and militarization of man-made outposts in the South ...China military exercises
    • Uncertain Trade Path for South Korea's Kimchi - New York Times July 29, 2015
      New York TimesUncertain Trade Path for South Korea's KimchiNew York TimesSEOUL, South Korea — The fate of South Korea's kimchi industry rests on whether China considers it pickled or not. When China reclassified the fermented cabbage dish several years ago, Korean exports of kimchi evaporated. As a pickled product, it did ...
    • China's Thumb on Fed Rate-Rise Scale - Wall Street Journal July 29, 2015
      Wall Street JournalChina's Thumb on Fed Rate-Rise ScaleWall Street JournalChina's economy was already cooling when its stock market started galloping higher, encouraged by government officials who saw higher share prices as a way to moderate the slowdown and help transition the country away from investment-led growth.China Stock Meltdown Just Creat
    • Fears over China's market crash are overblown - CNNMoney July 29, 2015
      CNNMoneyFears over China's market crash are overblownCNNMoneyThe stock market in China is notably different from other major trading floors. It is highly speculative and the bets placed by the retail investors who play there are unlikely to reflect broader economic and corporate trends; particularly when ...China stock rescue suffers exit woundsFinancia
    • Obama, on China's Turf, Presents US as a Better Partner for Africa - New York Times July 29, 2015
      New York TimesObama, on China's Turf, Presents US as a Better Partner for AfricaNew York TimesADDIS ABABA, Ethiopia — Without ever quite saying so explicitly, President Obama used his four-day trip to Africa to suggest that the United States offers an alternative to China's aggressive courtship of the continent. At a time when China has ...In Ethio
    • This Is What Could Start a War between India and China - The National Interest Online (blog) July 29, 2015
      The National Interest Online (blog)This Is What Could Start a War between India and ChinaThe National Interest Online (blog)While everyone's anxiously watching and analyzing the events unraveling in the South China Sea, there's another resource conflict involving China that also deserves attention. In the Himalayas, China and India are competing fo
    • China says to fight terror, people smuggling with Turkey - Reuters July 29, 2015
      New York TimesChina says to fight terror, people smuggling with TurkeyReutersHundreds, perhaps thousands, of Uighurs, a largely Muslim ethnic minority that calls Xinjiang home, have left China in recent years, traveling to Turkey via Southeast Asia, having first illegally crossed the Chinese border. Rights groups say such ...Ethnic Tensions in Xinjiang Compl
    • China's crusade to remove crosses from churches 'is for safety concerns' - The Guardian July 29, 2015
      The GuardianChina's crusade to remove crosses from churches 'is for safety concerns'The GuardianIn fact, there is growing anger among China's rapidly growing Christian community over the campaign, which has affected both Catholic and Protestant congregations. Last Friday, a group of Catholic clergy – including an 89-year-old bishop – took
    • Charts and maps: How Japan's companies are beating China's in overseas M&A - Quartz July 29, 2015
      Charts and maps: How Japan's companies are beating China's in overseas M&AQuartzChinese companies' overseas shopping sprees have been well documented in recent years, after Beijing encouraged its own inefficient, bloated state-owned enterprises to “go out,” and acquire knowledge and expertise by gobbling up foreign enterprises.and more »
    • China has a major bubble problem - CNNMoney July 29, 2015
      CNNMoneyChina has a major bubble problemCNNMoney"What we have here is Chinese households with a huge savings rate, with a lot of cash to invest," said Brian Jackson, a China economist with IHS Global Insight. "There are fairly limited formal investment options in China, so people crowd into the ones ...and more »