https://padlet.com/joeychan2906/b77grsrgo15q TB04 (Junior, Mavic, Nicolette, Amanda, Claire, Joey) en-us 2017-05-16 08:52:53 UTC 2017-07-20 15:47:40 UTC hello@padlet.com nicolettenyx https://padlet.com/joeychan2906/b77grsrgo15q/wish/172031611

The current population of China is 1,387,476,974 as of Tuesday, May 16, 2017, based on the latest United Nations estimates.

China population is equivalent to 18.47% of the total world population, China ranks number 1 in the list of countries (and dependencies) by population.

China has a nominal GDP of roughly US$11.2 trillion as per the International Monetary Fund in 2016.

Unemployment rate was 3.97% in the first quarter of 2017 and 4.02% at the end of 2016.

]]> 2017-05-16 09:00:23 UTC https://padlet.com/joeychan2906/b77grsrgo15q/wish/172031611 mavic_koh00 https://padlet.com/joeychan2906/b77grsrgo15q/wish/172529450 1. Intro
2. Economic issue 1: Unemployment
3. Economic issue 2: GDP
4. Economic issue 3: Inflation
5. Conclusion

UNEMPLOYMENT:
Unemployment rate is very important to a country because rising unemployment is seen as the sign of a weak economy, with slow growth and little spending.

GDP:
Gross domestic product, also known as GDP, is the most widely reported measure throughout the world of a nation's economic performance or the health of its economy. It measures the product of a nation.

INFLATION:
Inflation is a sustained and continuous increase in the general level of prices of goods and services in the economy. 
When inflation is present, a dollar today can buy less than a dollar could in the past. ]]> 2017-05-18 09:46:28 UTC https://padlet.com/joeychan2906/b77grsrgo15q/wish/172529450 mavic_koh00 https://padlet.com/joeychan2906/b77grsrgo15q/wish/172572179 Article: China's Unemployment Rate

• China's unemployment rate finally fell below 4%(3.97%) after many years. 
• The country is aiming to keep it under 4.5% for the rest of the year.
• 3.34 million jobs were created as of April, hoping to create up to 11 million jobs for 2017
• China is doing well in keeping their unemployment rate low at roughly 4%. New jobs have been and are in the process of being created for the citizens as well. 
• However, the registered unemployment rate only accounts for urban, registered residents, they do not account for rural and migrant workers. This means that the statistics shown may not be accurate. 
• China's employment is stable despite the slow economic growth (26-year low)
• There is a slow economic growth due to demographic change. One aspect of demographic change is the aging population. When the majority of the population are composed of senior citizens, the labour force shrinks as there are lesser people who are employed or can work. Hence there will be low productivity, leading to lower GDP and slower economic growth.
• Fiscal and monetary policy support increased in some areas with a potential risk of mass unemployment.

]]> 2017-05-18 13:22:20 UTC https://padlet.com/joeychan2906/b77grsrgo15q/wish/172572179 mavic_koh00 https://padlet.com/joeychan2906/b77grsrgo15q/wish/172591949 Article: China's Gross Domestic Product
http://money.cnn.com/2017/05/25/news/economy/china-debt-economy/index.html

• China's GDP increased to 6.9% as of April mainly due to Government investment in infrastructure and recovery in exports.
• Hard to maintain this high growth due to China's increasing debts. 
• Corporate debt in China soared to around 170% of GDP in 2016.
• China's Ruling communist party has been prioritizing economic stability ahead of leadership reshuffle.
• Experts concerned that Beijing's efforts to boost growth may come at a price after the leadership reshuffle.
• China's economic data may be unreliable as officials have been falsely boosting economic data for years.

]]> 2017-05-18 14:19:27 UTC https://padlet.com/joeychan2906/b77grsrgo15q/wish/172591949 joeychan2906 https://padlet.com/joeychan2906/b77grsrgo15q/wish/172597391 Article: Chinese inflation slows to 0.8%, missing views

• Prices in China rose less than expected in February 2017 as demand for food eased after the Lunar New Year.
• CPI inched up 0.8% in February from last year, compared with a 2.5% gain in January. 
• Inflation in 2017 is kept below the 3% ceiling the China government has set for the year.
• The main reason why inflation rate is low is due to the decline in food prices which dropped 4.3% from the previous year.
• Non-food prices, on the other hand, rose 2.2% from the previous year. Rent prices increased 25% in a year, costs of transport and other imported goods are also being driven up due to the increase in demand for imports.

]]> 2017-05-18 14:36:53 UTC https://padlet.com/joeychan2906/b77grsrgo15q/wish/172597391 mavic_koh00 https://padlet.com/joeychan2906/b77grsrgo15q/wish/172603479

China is keeping their unemployment rate low at roughly 4%. New jobs are being created for the citizens as well. However, the registered unemployment rate only accounts for urban, registered residents, they do not account for rural and migrant workers. This means that the statistics shown may not be accurate and cannot truly reflect how well a country's economy is doing. 

China is doing well in terms of their GDP l. GDP grew 6.9% from the previous year, hitting its fastest pace since 3rd quarter of 2015. But due to the huge debts China have, it is unsure how long the growth will maintain for. China seems to be doing well due to their high GDP growth, but if they do not solve their corporate dept problem soon, they may go "default", the national equivalent of going bankrupt.

Inflation was not as high as predicted due to the decline in food prices of 4.3% compared to the previous year. Although food prices declined, the rise in non-food prices are pressurizing many Chinese residents. Increasing rent prices may cause some of the Chinese residents to move to a smaller and cheaper house, as they are unable to deal with the increased rent prices. If non-food prices, such as rents and transport costs continues to increase, Chinese residents may have to lower their standard of living to deal with the inflation.

]]> 2017-05-18 14:57:12 UTC https://padlet.com/joeychan2906/b77grsrgo15q/wish/172603479