follow us:
site: HOME > > Economic > China Buzz > Best of Web
China Numbers: Banks, Wages & Institutional Widows

                             Photo: China Times

The numbers making news around China during the week of April 1, 2013

18.3 trillion yuan
Amount that pension shortfalls could reach in China this year. By 2033, that number could rise to 68.2 trillion. About half of China's 31 provinces are unable to pay their retiree costs and rely instead on financial transfer from the central government. Caijing

47 million
Estimated number of women in China who must live without their husbands for long periods of time due to migrant work. They’re sometimes referred to as “institutional widows.” eChinacities

1.47 million yuan
Amount China’s top five state-owned banks make every minute. Beijing News

$230 billion
The cost of China’s environmental degradation in 2010 - 3.5 percent of the nation’s GDP and three times the amount in 2004. New York Times

159 million yuan
Value of a property deal that was done through Taobao, China’s largest e-commerce platform. The deal was the largest online property auction ever in China. An official said the seller saved 1 million yuan in commission by selling the land online. Caixin

14 yuan
The new hourly minimum wage in Shanghai – up from 12.5 yuan. The minimum monthly salary has also increased from 1,450 to 1,620 yuan. This means the city’s minimum wage has surpassed Shenzhen’s as the country’s highest. Caixin



Comments(The views posted belong to the commentator, not representative of the EO)

username: Quick log-in

About China Buzz

The Economic Observer's editorial staff are always on the look out for interesting, fresh and high-quality China-related content. Whether it's the latest buzz on Weibo, links to insightful articles or updates on the latest books and reports, through China Buzz we'll keep you in the loop about what's going on in the world of Chinese politics and economics.

Most popular

this week
this month


E-mail subscription

Enter your e-mail address to subscribe to China Buzz and receive notifications of new posts through e-mail.