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Economy/Resources - 153. page

Consumer Price Increase Burdens Low Income Families

On January 3, Social Sciences Academic published the “Blue book of Chinese Society.” It stated that with China’s GDP growing over 10 percent in 2007, mid to low income families are facing increasing financial pressure. The consumer price increase will continue to be a serious factor in 2008. The Blue Book disclosed that 10 percent of the low income group spent close to 50 percent of their income on food consumption, in addition to the rising cost of living and medical expenses. This group is thus the least capable of surviving. The report also warned that the increasing disparity between the rich and the poor continues to be a threat to social stability.

Source: Radio Free Asia, January 4, 2008
http://www.rfa.org/mandarin/shenrubaodao/2008/01/04/income/

Emergency Fund Issued To Aid College Student Cafeterias

On December 29, the Ministry of Finance approved a 50 million yuan (US$6.8 million) emergency fund to provide temporary aid to college student cafeterias. It is to ensure that, prior to the upcoming winter break, students’ lives will not be affected by the increased price of raw materials. Earlier this year, the General Office of the State Council issued a notice to various levels of governments to provide financial relief to student cafeterias and those students who are on financial aid. In addition, the National Development And Reform Mission also requested the students’ receive discounts in college utility expenses.

Source: China News, December 30, 2007
http://edu.chinanews.cn/edu/kong/news/2007/12-30/1119587.shtml

China’s Economy is Not as Robust as We Think

On December 20, 2007, the International Herald Leader under Xinhua published an article calling on western countries to reconsidertheir their strategy in pushing for an adjustment in the RMB exchange rate. The reason: a World Bank study found the Chinese economy is overestimated by about 40 percent.

Chinese Have Mixed Feelings about Foreign Companies

A survey sampling 1,000 citizens in major cities in China was published in the August issue of Global Enrepeneur Magazine. It reveals that the Chinese public has mixed feelings about foreign companies doing business in China.   

On the one hand, the results showed that over 80 percent of those surveyed think that the foreign companies have promoted economic development in China. On the other hand, 73.1 percent expressed strong dissatisfaction towards the foreign companies as they have "relocated environmentally hazardous industries and factories to China."

The Current System Fails to Preserve the Environment

In a recent article in Chinese Economic Times, economist Zhou Tianyong pointed out that China has not formulated effective and systematic policies to restrain the discharge of pollutants and that the existing system has actually aggravated environmental pollution instead of preserving the environment. [1]

Two Hundred Lakes Dried Up; Ruoergai Marshes Desertified

According to China News Service, the process of desertification is accelerating for China’s most beautiful wetland prairie, the Ruoergai Marshes. It is now difficult to find bogs, and the desertified areas are increasing at an annual rate of 11.65%. With over two hundred out of three hundred lakes dried up, the wetlands have shrunk to less than 40% of their original area.

China Official Report: 2002 Urgent Public Health Events in the First Nine Months of 2007

On October 12, 2007, the Ministry of Public Health of China issued a report that, from January to September, nation wide (Hong Kong, Macao and Taiwan not included) there were 2002 urgent public health events reported through the information managing and reporting system of urgent events of public health The report also stated that there were 76,000 patients and 393 deaths. There were no events reported from the Tibet autonomous region.

A Tsinghua University Graduate Committed Suicide When He Could Not Find a Job – a Reminder of the Di

At 9:40 on October 31, 2006, a man jumped to his death from the 7th floor of a student dormitory building in Zhongying College, Quanzhou, Fujian Province. The police found a suicide note. The deceased said he committed suicide because he could not find a satisfactory job and did not want to be a burden to his parents. It is getting harder and harder for undergraduate and graduate students to find work. More undergraduate students are choosing to work rather than go to graduate school. In one study, 60% of graduate students regretted going to graduate school.