# data[].attributes.body
- There is a gradual decrease in demand-pull inflation and an expectation of a slow economic growth as the authorities chose to implement harsh attempts to suppress on financial risks.
- Consumer inflation decrease as demand-pull inflation decreases
-Escalating trade disputes between China and United States could incite price pressures over the coming months
- Increasing borrowing costs caused the slowdown of the world’s second-largest economy.
-Gains in raw material prices slowed to 5.1 % in March from 5.9 % the month before.
-CPI rose 2.1% from 2017, below expectations of 2.6%. Due to seasonal declines in food, transport and tourism prices, there is a slowdown from February’s gain of 2.9%
-A Beijing-based analyst said that overall economy of china still remained strong even though there is a decreasing surprise for CPI due to changes in food prices.
-CPI declines 1.1% on monthly basis.
-There is a fluctuation in prices due to adjustments made to economic environment and domestic demand
-Beijing’s proposed tariffs on US soybeans and pork will have limited impact on consumer price inflation.

# data[].attributes.attachment_link.title
China inflation slows in sign of ebbing economic growth

# data[].attributes.attachment_link.description
China's factory-gate inflation cooled to a 17-month low in March, probably indicating an ebbing in demand and backing expectations of a broader slackening in economic growth this year as the...

# data[].attributes.headline
Preliminary Analysis of Inflation (reference data)

# data[].attributes.subject
Preliminary Analysis of Inflation (reference data)

# data[].attributes.body
- China consumer price inflation rate fell to 1.8 in the month of April from 2.1 in previous month,March.
- Inflation Rate in China averaged 5.26 percent from 1986 until 2018, reaching an all time high of 28.40 percent in February of 1989 and a record low of -2.20 percent in April of 1999.
- non-food food inflation remain at 2.1 unchanged.
-Consumer price inflation was the lowest rate since January, mainly due to a sharp slowdown in food inflation.
-Chinese government set inflation target for 2018 at around 3%
-Annual core inflation (excluding price of food and energy) stood at 2%
-Monthly basis consumer price fell by 0.2%
-In China, most important component in the CPI basket is food with 31.8% of total weight .

# data[].attributes.attachment_link.title
China Inflation Rate | 2021 Data | 2022 Forecast | 1986-2020 Historical | Calendar

# data[].attributes.attachment_link.description
China's annual inflation rate accelerated sharply to 1.5% in October 2021 from 0.7% a month earlier, above market consensus of 1.4%. This was the highest figure since September 2020, attributed to a faster rise in cost of non-food and a softer drop in food prices.

# data[].attributes.body
- The registered unemployment rate that china has always been using, has failed to reflect the reality of unemployment in the country.
- Macroeconomic policies need to shift from focusing on increasing total employment to looking ahead and pre-empting structural employment
- If not, unemployment may be unmanageable in the future
- A slight economic downturn may cause long-term unemployment
- Taking not of key population group can help to solve the problem of structural unemployment
- Taking note of the problems different age groups face can help better arrange programs to suit their needs

- China's labour force participation rate is decreasing
- Due to the decreasing labour force in China, the labour force size is also shrinking, making unemployment rate higher
- The excess jobs at provincial areas are also moving at a slower rate

- China is planing to achieve fuller employment by introducing 2 new government policies
1. Setting up Large Training Events (such as professional skills and preparatory programs) - to decrease the amount of structural unemployment and better quality jobs
2. Job Creation - with the government's pushing for more and new business startups, China's new economy may create millions of jobs for tens of millions

# data[].attributes.attachment_link.readable_text
Employment is the most important livelihood of the people. The Chinese government has closely watched this issue for a long time. The country began proactively shaping its employment policies at the turn of the century, when state-owned enterprises were laying off tens of millions of workers. In 2008, the Employment Promotion Law came into effect, further highlighting employment's role in social and economic policy. The 19th Party Congress' report said, "We must give high priority to employment and pursue a proactive employment policy, striving to achieve fuller employment and create better-quality jobs. We will launch vocational skills training programs on a big scale, give particular attention to tackling structural unemploymen t, and create more jobs by encouraging business startups." The report, delivered by President Xi Jinping, pointed out the goal and focus of the current employment policy while also describing the direction of future efforts and solutions.

Policymakers emphasize higher quality jobs and fuller employment because the employment problem has already undergone a qualitative transformation. It has changed from a problem of quantitative conflict to a structural problem. The clearest sign of this is the mismatch between supply and demand in the labor force. This has its roots in the structural transformation of the Chinese economy, but is also caused by demographic changes. In recent years, the population of Chinese people of working age has already begun to shrink. The problem of an aging population is becoming increasingly serious, while the movement of surplus labor from rural areas is slowing down. China's unemployment rate is increasingly manifesting as "natural" unemployment, including structural unemployment caused by structural changes in the economy, as well as short-term frictional unemployment caused by factors such as information asymmetry and poor labor mobility. At the moment, the cyclical unemployment caused by macroeconomic fluctuation is less prominent. As the economy achieves the transformation of its growth drivers, structural unemployment could become an increasingly intractable problem. Tackling structural unemployment is far more difficult than simply quantitatively increasing employment, and the various levels of government have not had much experience with this new challenge.

At the moment, there are three main points of view regarding the employment problem. The first point of view, affected by habitual thinking, believes that the employment situation is still grim, and worries in particular that if the economic climate deteriorates, large-scale unemployment will return. The second point of view, focusing only on the shrinking population of workers, believes that the labor market has already reached a stage where demand far outstrips supply and that unemployment is no longer an important issue. The third point of view is a deep anxiety over the prospect that developments in artificial intelligence and other technologies could one day make human workers obsolete. Out of these, the first attitude is relatively widespread among government employees, and is thus worth closer attention.

Macroeconomic policies need to shift from focusing on increasing total employment to looking ahead and pre-empting structural employment. This year's State Council government work report set the goal for the surveyed unemployment rate at 5.5%, significantly higher than the actual 4.98% surveyed unemployment rate at the end of 2017. This shows that policymakers have some degree of tolerance for slight economic decline. However, eliminating the old-fashioned idea that there is a simple relationship between employment and economic growth will require great effort. Many people worry that a slight macroeconomic downturn will cause unemployment problems and bring about social disorder, and they cling to the idea that the solution is increased macroeconomic stimuli. This view would create overcapacity, more "zombie enterprises," and postpone the population's upgrading of its skills and knowledge, undermining future employment.

For this reason, it is of utmost importance that China improves its incentive mechanisms for government officials. The Employment Promotion Law stipulates that governments and departments at all levels should establish a system of targets and responsibility for promoting employment, and that government departments should assess and supervise the performance of subordinate departments in relation to this system. This provision previously caused a major increase in attention given to employment at all levels of government. However, under new circumstances, China still needs to find new models and mechanisms to guide all levels of government toward focusing on structural unemployment.

Structural unemployment calls for structural reform. The government should vigorously and comprehensively deepen reform, allowing this scarce factor of production - labor - to move more freely. The market price of labor will become more accurate and more sensitive to changes in supply and demand. In order to achieve this, China must conscientiously promote reform of the household registry ("hukou") system, acknowledge the right of rural populations to migrate into urban areas, and allow rural transplants to become official urban residents. Anti-urbanization efforts, which have appeared in some regions, run counter to the aim of solving structural unemployment.

To solve the problem of structural unemployment, China must also pay attention to key population groups. In the near future, unemployment will become relatively pronounced in two groups - the former employees of industries hit by capacity cuts, and the huge population of college graduates. In the medium to long term, China's should pay special attention to the education and employment problems faced by "second-generation" and "third-generation" rural populations, as well as young people living in minority ethnicity regions.

The new economy will bring about "creative destruction." People frequently exaggerate its tendency to destroy old jobs. But they underestimate its ability to create new jobs. According to researchers, China's new economy could stimulate the creation of tens of millions of jobs, both within new economy industries and in other industries. According to the Mastercard Caixin BBD China New Economy Index, at the moment, hiring by new-economy employers already accounts for around 30% of hiring in the country. The fear that robots will replace humans has clearly been exaggerated. The energy of government at all levels should not be spent primarily on protecting old industries. Rather, it should focus on creating an attractive business environment for entrepreneurs and allowing entrepreneurs to fulfill their potential.

Announcing the surveyed unemployment rate is only a start. In the future, China will need to continuously improve and systematize its unemployment index. Full disclosure of the relevant statistics is a sign of a confident government. The public also hopes that this process will become the process of tackling structural unemployment. The key is that policies must have sufficient foresight and must steer clear of the detours other countries have made. The goal is to prevent structural unemployment from becoming an entrenched problem.

# data[].attributes.attachment_link.title
China must nip structural unemployment in bud

# data[].attributes.attachment_link.description
On April 17, China announced for the first time its long-awaited surveyed urban unemployment rate. The registered unemployment rate, which has been used by China for many years, has increasingly failed to reflect the reality of unemployment in the country.

# data[].attributes.body
-china has been hitting its target set by the economists and analysts for their economy and even topping expectations. it was estimated to have tapped at 6.7% however it hit 6.8%.
-china also expecting some downfall as it aims to control the excessive usage in the sector which lowers the productivity capacity as a result industrial growing slows down by 1.2% based on the latest data ,it was 7.2% from january through february a year ago.
-surprisingly, the retail industry has been progressing well from their expectation of 9.9% to 10.1% last year due to china's rich resources and how well the people utilize them.
- Oxford Economic's full-year GDP forecast for china was 6.4% and it managed to overturn the result and reach 6.9% in 2017
there are also factors that affect such as the bad loans write-off. According to reliable resources, bad loans write off has increased tremendously in february 2018 and has become the highest level since the 2008 financial crisis.
Its a worrying situation as this explains that the chinese banks have difficulties controlling the loans and when there is government intervention, it would means that borrowers would be having a more difficult time repaying their debts. However, if china can write off its bad loans and accept the losses, its GDP will decline. But in turn, less debt will have to be serviced, and China will be headed towards a much healthier economy.

# data[].attributes.attachment_link.readable_text
China's economy grew 6.8 percent in the first quarter of 2018, the country's statistics bureau reported on Tuesday.

That topped a consensus estimate of 6.7 percent year-over-year growth for the quarter, marking the third-straight quarter of 6.8 percent growth for the world's second-largest economy.

Although the headline figure signals a strong start to the year for China, there will be a "roll down in growth going forward," said David Fernandez, chief Asia Pacific economist at Barclays.

That is as real estate investment is expected to moderate as the government aims to curb excessive speculation in the sector, Fernandez told CNBC.

Beijing is also cracking down on environmental pollution from industry.

The latest figures may confirm that's occurring, with March industrial output growth slowing to 6 percent from a year ago, compared to the 7.2 percent for the January through February period.

In other data, January to March fixed asset investment growth slowed to 7.5 percent from a year ago, down from 7.9 percent in the first two months of the year. Economists had expected fixed asset investment to come in at 7.6 percent over the first three months of 2018.

However, retail sales beat expectations in March, rising 10.1 percent from a year ago, beating the consensus forecast of 9.9 percent.

# data[].attributes.attachment_link.title
China says its economy grew 6.8% in the first quarter, topping expectations

# data[].attributes.attachment_link.description
China's economy grew 6.8 percent in the first quarter of 2018, the country's statistics bureau reported on Tuesday. That topped a consensus estimate of 6.7 percent year-over-year growth for the quarter, marking the third-straight quarter of 6.8 percent growth for the world's second-largest economy.

# data[].attributes.body
Article on GDP : https://www.cnbc.com/2018/04/16/chinese-q1-gdp-china-reports-first-quarter-gross-domestic-product.html
Article on Inflation :
http://www.scmp.com/news/china/economy/article/2141245/china-inflation-slows-sign-ebbing-economic-growth
Article on Unemployment : http://thecorner.eu/world-economy/china-must-nip-structural-unemployment-in-bud/72773/

# data[].attributes.body
Inflation:
https://tradingeconomics.com/china/inflation-cpi

# data[].attributes.body
many inflation articles available like this one below below:

# data[].attributes.attachment_link.title
China inflation slows in sign of ebbing economic growth

# data[].attributes.attachment_link.description
China's factory-gate inflation cooled to a 17-month low in March, probably indicating an ebbing in demand and backing expectations of a broader slackening in economic growth this year as the...

# data[].attributes.body
informative data provided but need more analysis and inferences:
GDP - identify key components
(c, I G, X-m) ,any  factors that can affect and boost growth in the coming years any govt polcies to stimulate growth,

Unemployment - besides the 4 types of unemployment, can also talk about labour force participation rate, labour force size, full employment.. and govt policies twd job creation n training human capital.

Inflation - the headline, core inflation, the CPI changes and the 2 major causes of inflation and impact on country in the coming yeats

# data[].attributes.body
welcome tp padlet

Articles  (1)  an d (3) are ok
but source (2) from trading economics shd be used as supplementary reference but it is not a news article.
Instead use the 3rd  article from the Corner  " China must nip structural unemployment..."

Thanks for efforts in contributing to padlet - but i notice that only 3 of you have contributed - who's not in action??

please post something for particiaption marks

thanks
mrs tan tan