China - Economic Data & News 06 (Jul 11 - Oct 11)

Re: China - Economic Data & News 06 (Jul 11 - Dec 11)

Postby winston » Sun Oct 16, 2011 8:28 pm

3 doctors in China arrested over organ transplants

Three doctors in China have been arrested for allegedly carrying out illegal organ transplants at a private clinic, according to local authorities and state media.

Acting on a tip-off, police in Bazhou city in the northern province of Hebei arrested the doctors last month as they prepared to remove a kidney from a man, a local Communist Party official and police told AFP.

The case is under investigation, they said, declining to provide further details.

China banned organ transplants from living donors other than spouses, relatives and adopted family members in 2007, the official Xinhua news agency said.

But demand for transplants far exceeds supply in the country of more than 1.3 billion, opening the door to the illegal sale of organs.

The country launched a trial programme last year to allow people to voluntarily donate their organs after death in order to meet increasing demand, Xinhua said.

An estimated 1.5 million people are waiting for transplants but only about 10,000 people have registered so far as donors, it said.

According to previous state media reports, hospitals have carried out illegal transplant operations for about 100,000 yuan (about $15,700).
Source: AFP Global Edition
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Re: China - Economic Data & News 06 (Jul 11 - Dec 11)

Postby winston » Mon Oct 17, 2011 6:14 am

Do you recalled that they have reduced the food component portion of the CPI ?

Mainland inflation slows but food costs remain high
Monday, October 17, 2011

The cost of food in the mainland is likely to remain high, although the consumer price index for September shows headline inflation has moderated since the peak in July.

Food prices increased 13.4 percent in September from a year ago, the same gain as in August.

Although year-on-year growth in prices of pork and eggs last month eased compared with August, prices of vegetables and fruit increased at a faster pace.

Vegetable prices increased 2.1 percent in September from 12 months ago, compared with a 0.1 percent yearly gain in August.

"The stubbornly high food prices were driven up by logistics costs and intermediaries' charges," Xu Hongcai, an economist at Beijing's think-tank China Center for International Economic Exchanges, told People's Daily newspaper.

Daiwa Capital Markets chief economist Sun Mingchun said: "We remain watchful of the CPI trend going forward, given inflation pass-through and household inflation expectations are likely to remain substantial."

Uncertainties over the vegetable harvest in the fourth quarter are also cause for concern, he added.

The CPI for September rose to 6.1 percent from a year back, further easing from 6.2 percent in August and the 6.5 percent high in July.

http://www.thestandard.com.hk/news_deta ... 11017&fc=1
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Re: China - Economic Data & News 06 (Jul 11 - Dec 11)

Postby winston » Mon Oct 17, 2011 2:10 pm

China's 3Q GDP will be reported Tuesday
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Re: China - Economic Data & News 06 (Jul 11 - Dec 11)

Postby iam802 » Mon Oct 17, 2011 10:04 pm

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Re: China - Economic Data & News 06 (Jul 11 - Dec 11)

Postby winston » Wed Oct 19, 2011 6:00 am

Bloggers face new controls to block rumour-mongers

Beijing internet regulators will tighten controls by expanding a real-name registration system to rein in rumour-mongering and clean up content, state media said yesterday.

Source: SCMP
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Re: China - Economic Data & News 06 (Jul 11 - Dec 11)

Postby winston » Wed Oct 19, 2011 6:31 am

"Back in the USA" - Seattle Manufacturer Provides A Lesson on Reshoring. Expect More of It. Lots More

The NY Times recently featured a Seattle-based company named
"Taphandles" that has brought some of its manufacturing of custom beer taps and beer-marketing products (see photo above) back to the United States from China as many of the economic and cost advantages of manufacturing have started to shift back to the United States, including:

1. Manufacturing wages in China continue to increase at 15-20% per year on average, and have actually increased by a whopping 300% for Taphandles since it opened a Chinese factory in 2006.

In contrast, manufacturing wages in the U.S. have remained relatively flat, or have even decreased in some industries that have adopted a two-tier wage structure.

2. The lead time for Taphandles' orders coming from China is three weeks, compared to a much shorter time for domestic production, which improves customer satisfaction for Taphandles' clients.

3. In addition to rising wages, the Chinese currency has appreciated by 23% over the last five years, making production there much more expensive for American firms like Taphandles.

4. Taphandles owner Paul Fitcher predicts that international shipping costs will continue to rise along with higher oil prices, which was another factor in his decision to "reshore" manufacturing back to the U.S.

Bottom Line: Look for more and more manufacturing production to come back to the U.S. from China in the future, as China's once-significant labor cost advantage continues to shrink. A

ccording to a recent Boston Consulting Group report, the example of Taphandles is part of an emerging trend that will accelerate in the next five years, and in the process could create 2 to 3 million American manufacturing jobs from the reshoring of production back to the U.S.

http://mjperry.blogspot.com/2011/10/bac ... turer.html
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Re: China - Economic Data & News 06 (Jul 11 - Dec 11)

Postby winston » Wed Oct 19, 2011 7:43 am

Tibetan nun self-immolates in China: rights groups by Claire Cozens

A Buddhist nun has died after setting herself on fire in southwest China, becoming the first woman and the ninth Tibetan in the area to self-immolate to protest perceived repression, rights groups said.

Tenzin Wangmo called for religious freedom as she set herself on fire in Sichuan province's Aba town on Monday, according to the London-based Free Tibet, which has reported an escalation in such protests in recent months.

Eight Tibetan monks have set themselves alight in Aba since the self-immolation of a young monk at a Buddhist monastery in the town in March sparked major protests that led to a government clampdown.

Free Tibet said the nun's death came a day after security forces shot and wounded two Tibetans during a weekend protest in another part of Sichuan, which is home to a large population of ethnic Tibetans.

The International Campaign for Tibet (ICT) said the nun's death was a "terrible indictment of China's policies, not just in the last few years but over the last 50 years".

"The authorities are engaging in a systematic attempt to undercut the institutions of Tibetan Buddhism and rupture the links between Tibetan people and the monastic institutions," added Kate Saunders, spokeswoman for the Washington-based group.

Many Tibetans in China are angry about what they see as growing domination by the country's majority Han ethnic group, and Aba's Kirti monastery has become a flashpoint for the mounting anger at the erosion of their culture.

The number of monks at the monastery has fallen to about 600 from 2,500 in March due to "compulsory patriotic re-education, detentions and expulsions," Free Tibet has said previously, citing sources in the region.

Last month, China jailed three monks for between 10 and 13 years for helping Phuntsog burn himself to death, raising criticism from the United States and rights groups.

Source: AFP Global Edition

http://www.newsmeat.com/news/meat.php?a ... &buid=3281
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Re: China - Economic Data & News 06 (Jul 11 - Oct 11)

Postby behappyalways » Wed Oct 19, 2011 1:31 pm

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Re: China - Economic Data & News 06 (Jul 11 - Oct 11)

Postby winston » Thu Oct 20, 2011 6:59 am

US Pushes China to Explain Commercial Internet Curbs

WASHINGTON (Reuters) - The United States is pressing China to explain why its “national firewall” blocks so many U.S. companies from providing their services via the Internet, according to a letter obtained on Wednesday that is another sign of growing trade tension between the world’s two largest economies.

http://www.newsmeat.com/news/meat.php?a ... &buid=3281
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Re: China - Economic Data & News 06 (Jul 11 - Oct 11)

Postby winston » Thu Oct 20, 2011 6:03 pm

Hmmm..... safeguard the public or their one-party system ?

Beijing Leaps to Defense of “Great Firewall of China”

BEIJING (Reuters) - China defended its right to censor the Internet on Thursday, saying it was necessary to “safeguard the public” after the United States pressed China to explain online curbs on U.S. companies.

http://www.newsmeat.com/news/meat.php?a ... &buid=3281
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