China's central bank raised reserve requirement ratio by 0.5 percentage points, rather than hiking the benchmark interest rate, to curb inflation on Dec 10. Analysts attributed the central bank's cautious policy to two main reasons—the uncertainty lingering on China's economy next year and the worry about more hot money inflow. It seems hot money will continue to be a "hot issue" in China.
As inflation rates rise, money has less value when it sits quietly in your bank account. In the face of a volatile stock market and tightening property market, people rushed to pour their money in 10 new investment arenas in 2010. But extra caution is recommended with these new markets.
China's economic growth continued to decelerate in the third quarter as the government weans the economy from the stimulus and back to normal. But rising inflation posed new challenges.
The 2010 Central Economic Conferece opens on Dec 10. As China is to enter the 12th Five-year Plan, the conference is expected to set the tone for the country's future economic development.
High housing prices are becoming heavy burdens for those with mortgage loans. It may withhold some people of the post-80s generation from getting married, and may distort people’s perceptions. However, unexpectedly, it may also help generate more creativity.
People say running an organization is equivalent to conducting a symphony orchestra. No doubt good leadership is one of the key factors in the success of a company, giant corporations in particular. But what if the big boss departs? Will the company lose its mojo and fail? Not if the new leader fills his/her predecessor's shoes.
We live in a time of an increase in consumer spending and changing consumer habits. With new gadgets and new technologies available, and more purchasing power, we not only buy more, but in more ways. Some are fads, and some become part of our daily routine. Here are the top 10 consumer spending trends in China.
Inflation is for real, as recent experience shows. How can it be prevented from rising further? The central government has taken a set of emergency measures to prevent a further increase in the consumer price index (CPI), which rose to 4.4 percent in October, the highest in 25 months. The continuous rise in the CPI, a measure of inflation, is creating obstacles for the government to keep the entire year's inflation below 3 percent.
The China International Green Industry Expo 2010 (CIGIE 2010) is an important international green industry exhibition hosted by the Chinese government and held at the Beijing Exhibition Center, Nov 24 to 27.
"Low-carbon" has now moved from a concept to become a lifestyle. With their unconstrained ideas, some designers presented a great number of creative "green" gadgets for our daily use. Here we've selected some impressive designs from the year 2010, and hope they will enlighten you on the way to trimming your carbon footprint.
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