No. 335-6, Oct 9(2)

Cheaper Subway Fares in Beijing
News, page 5
In an effort to draw more commuters underground to ease traffic congestion above, the Beijing subway fare has been reduced to 2 yuan per ride with unlimited transfers. The Beijing Municipal Government will subsidize 1 billion yuan a year to fund the reduction, which makes the fare the lowest nationwide. Previously, the subway fare was dependent on distance and the number of transfers made. Since the Beijing subway went online in 1971, the city has adjusted fares eight times-- but this is the first time it has lowered them.

Declining Income vs GDP Growth
Comments, page 8
Despite China's rapid economic growth during the past decades, the percentage of individual income contribution to GDP has dropped. In 1989, incomes made up 16 percent of GDP; in 2003 that figure reached 12 percent. EO commentator Tung Dahuan argues that this proves minimal growth in incomes despite the fact that on average this group contributes ＄12,642 (95,000 yuan) per capita of wealth to the country every year. The average monthly salary is 1,750 yuan.

Influx of Mainland Investors in HK Share Market
Money & Investment, page 17
There has been an influx of mainland investors targeting Chinese state-owned enterprises listed as H-share in Hong Kong. Mainland investors were especially interested in SOE's that had returned to the the A-share market, including China Constructions Bank, Petro China and China Mobile.