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China Numbers: Jewelry, GMAT & SOE penetration

              Photo: The alleged aftermath of a brawl at Foxconn's Taiyuan plant     
The numbers making news during the week of September 24, 2012


1 in 5
Takers of the GMAT last year were from China. An increase of 45 percent over the previous year. Wall Street Journal.

100,000

Number of Chinese tourists South Korea is expecting over the National Day holiday – a 36 percent increase over last year. Recent tensions with Japan have changed many tourists’ plans. Bloomberg

8,500
Crewmen lost, in addition to 12,000 aircraft, during the development of the US aircraft carrier system. Experts predict China is also likely to suffer huge equipment and human losses as it develops its carrier fleet. Foreign Policy

16 percent
Year-on-year growth for jewelry sales in China – often seen as a proxy for the luxury industry. This compares to 56 percent in 2010 and 45 percent in 2011. With an estimated 16 percent of sales coming from gift giving and China’s leadership about to change from the top down, “sales are down because no-one knows who to bribe,” according to one importer. Wall Street Journal

600
Rough number of employees turning over each day at Foxconn’s Taiyuan plant this week. On Monday, a brawl involving an estimated 2,000 people broke out. Reuters

63.5 million
Facebook users in China, despite its being blocked, according to London-based researcher GlobalWebInde. However, many have raised doubts over the validity of this number. Bloomberg

96 percent
of China’s telecom industry is controlled by state-owned enterprises. SOEs also control 92 percent and 74 percent of the power and auto industries respectively. The combined profit of China Petroleum & Chemical and China Mobile in 2009 alone was greater than all the profit of China's 500 largest private firms. Wall Street Journal

 

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