MAEC TB01 Group 3 by Alethea Quek https://padlet.com/quekalethea/9pdq2e780arl Team members: Alethea, Abigail, Jaryl, Wen Hsi, Huimin en-us 2016-05-17 13:27:09 UTC 2025-10-10 13:39:53 UTC hello@padlet.com Article 1 quekalethea https://padlet.com/quekalethea/9pdq2e780arl/wish/111234594 (Inflation)]]> 2016-05-17 13:27:38 UTC https://padlet.com/quekalethea/9pdq2e780arl/wish/111234594 Inflation quekalethea https://padlet.com/quekalethea/9pdq2e780arl/wish/111235114 The sharp increase in the Consumer prices in February led to food prices accelerating. The Consumer Price Inflation (CPI) rose to 2.3%, faster than January percentage, which was 1.8%. February’s GPI is only temporary according to Grace Ng, a greater China economist at J.P Morgan. The increase was partially due to Chinese New Year related issues. The one week long Lunar New Year (began on February 7) increased the demand of fresh food annually which helps to increase the prices. The cold weather this year also played a part by causing tightening in supply of vegetables which made the prices higher. It is stated that ‘it would take a big food supply shock or energy price spike for the CPI Inflation to cross the central bank’s 3 percent inflation red line’ according to Tim Condon, head of Asia research at ING. This shows that the inflation rate will remain stable despite the increase in demand for certain products and the surge in prices for them. It is said that it would be worrying for the PPI trends to impact companies as if the overcapacity production continues, it would keep deflation in place for a while and this would in turn affect the ‘company’s profit and sales revenue’.

]]> 2016-05-17 13:29:18 UTC https://padlet.com/quekalethea/9pdq2e780arl/wish/111235114 Article 2 quekalethea https://padlet.com/quekalethea/9pdq2e780arl/wish/111235438 (GDP)]]> 2016-05-17 13:30:23 UTC https://padlet.com/quekalethea/9pdq2e780arl/wish/111235438 GDP quekalethea https://padlet.com/quekalethea/9pdq2e780arl/wish/111236274 After the well-known Chinese economic reform led by Deng Xiao Ping, the Chinese government have shifted from having a planned economy to a socialist market economy in 1978.This means the government will allow privatisation and free-market oriented Special Economic Zones, which made a huge impact on China’s GDP growth, increasing exponentially from 1978 to 2008. Starting from 2009, the growth start to slow down whereby the trend continued till today. However, official data provided by the Chinese government is shunned by many non-Chinese economists as unreliable and inaccurate, to the extent where calculating electricity usage of the country is more accurate and reliable. 

Nonetheless, China is indeed experiencing slow GDP growth in recent years. Official figures shows that services has a 10.4% greater output compared to manufacturing, thus attributing to the shifting focus of industrial sectors by demand. This gives a clear picture of the vulnerability in China’s current economy, which was built by an unsustainable economic growth.  
]]> 2016-05-17 13:33:02 UTC https://padlet.com/quekalethea/9pdq2e780arl/wish/111236274 Article 3 quekalethea https://padlet.com/quekalethea/9pdq2e780arl/wish/111236795 (Unemployment)]]> 2016-05-17 13:35:07 UTC https://padlet.com/quekalethea/9pdq2e780arl/wish/111236795 Concepts that are applicable to our topics quekalethea https://padlet.com/quekalethea/9pdq2e780arl/wish/111238854 -Inflation Rate

-Gross Domestic Product(GDP)

-Unemployment]]> 2016-05-17 13:41:54 UTC https://padlet.com/quekalethea/9pdq2e780arl/wish/111238854 quekalethea https://padlet.com/quekalethea/9pdq2e780arl/wish/111239512 2016-05-17 13:44:01 UTC https://padlet.com/quekalethea/9pdq2e780arl/wish/111239512 Unemployment quekalethea https://padlet.com/quekalethea/9pdq2e780arl/wish/111257637 There are many ‘Zombie Firms’ in China as of right now. Zombie firms are firms that needs bailouts in order to continue it’s operations, or it could also be an company which is in debts that is only able to repay the interest. China intends to get rid of these zombie firms which will result in the retrenchment of 5-6 million state workers over the next two decades, To make up for this huge loss of jobs, China will create 10 million new jobs by addressing zombie firms. China plans to hold the unemployment rate below 4.5% in 2016. Even though it is an increase from the reported rate of 4% in 2015, these statistics are unreliable as China often releases official statistics that are untrue, it is generally accepted that 4% is not the true unemployment rate of China. ]]> 2016-05-17 14:47:32 UTC https://padlet.com/quekalethea/9pdq2e780arl/wish/111257637