https://padlet.com/joeychanpig/nfoowqbmjc8i Team members: Christy, Hayyuni, Briant, Si Min, Janice, Joey en-us 2017-05-18 03:33:28 UTC 2017-07-21 05:13:49 UTC hello@padlet.com hirasawayuinagisa https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172489009 This is a summary of China's economy:

]]> 2017-05-18 05:28:35 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172489009 hirasawayuinagisa https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172489296 Christy

• Consumer inflation has rapidly rise to 2.5% in January, the highest since May 2014.
• Food prices was the highest component, with the price increase  of pork by 7.1%.
• -Fuel costs has rise up by 16.5% on-year and is the biggest increase in the CPI components.
• From Dec 2016 to Jan 2017 inflation had rise by 0.8%.
• Some banks in China has started discount for first-timers buying houses. 

]]> 2017-05-18 05:33:12 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172489296 hirasawayuinagisa https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172489312 Joey

• China’s unemployment rate fell below 3.97%
• Despite the ups and downs of China’s economy, unemployment rate still remains stable
• Only industry that is increasingly hiring workers is Manufacturing.
• Unemployment rate is high due to people age 45 or younger not working
• Unemployment may be due to people who left their job to look for a better
• Also, it may be because of increase of elderly retiring
• People without job but are actively looking for job also contributes to unemployment rate  

]]> 2017-05-18 05:33:26 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172489312 joeychanpig https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172489320 China's GDP rate has grown from the last few months. 
Population of over 1.3 billion.
Unemployment rate also has a drastic drop.
Inflation is expected to be 1.2% in the year 2017 for the first quarter.
We will be doing our research on topic Unemployment, GDP and Inflation. Unemployment is the number of people who are able and looking for job. GDP is used to measure how well a nation's economy is doing. Inflation is the continuous increase in the general level of prices of the goods and services in the economy.

]]> 2017-05-18 05:33:33 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172489320 hayyunih https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172490612 Hayyuni

• Growth of 6.9%
• Fastest economic growth since 2015 
• However, this might be the best it can get for the year.
• China's conventional ways of sustaining the economy is holding back its potential in growth.
• Disposable income growth increased by 7% and retail sales by 10.9% which are showing signs of economic recovery
• China is trying to focus on getting a stable economy before having reformations

]]> 2017-05-18 05:46:24 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172490612 janicelim98 https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172729320 Janice

• The unemployment rate are expected to drop from 4.1% to 3.97% as this was predicted Friday, May 19, 2017.
• The number of employed people also decreased due to the increase in population and the inadequate of their education system.
• The employed people rate has dropped to 77,603 due to the retirement age of 50 for women and age 60 for men.

]]> 2017-05-19 05:20:15 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172729320 joeychanpig https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172730392 Joey

• Unemployment rate dropped drastically in the first quarter of year 2017
• Graduates tend to look for jobs that are of their educational level
• Some prefer to quit their job to stay at home to look after their children
• Some grow discouraged after not being able to get a job after some time

]]> 2017-05-19 05:42:34 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172730392 brianttoh https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172734609 Briant 

• Set its growth target at a lower 6.5 per cent this year
•  China aims for growth of "around 6.5 per cent, or higher if possible
• Use a proactive fiscal policy to support growth
• Which means more government spending
• Service industries, manufacturing and mining will also be made more open to foreign investors
• Its projected Budget deficit for 2017 at 3 per cent of gross domestic product (GDP)  represents a year-on-year increase of 200 billion yuan.
• With more foreign investors, it will boost growth for China in the long run 

]]> 2017-05-19 06:38:20 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172734609 hirasawayuinagisa https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172743928 Christy

• Producer price inflation has went up to 6.9%.
• Food inflation increase from 2.4% to 2.7%
• Non-food inflation increase from 2.0% to 2.5%.
• Non-food inflation has been rising the fastest pace over the years.

]]> 2017-05-19 07:41:12 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172743928 seethosiminx https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172747904 Si Min

• China reflation cycle reached peak and is trending downwards
• Domestic demand remains muted
• China's economic expansion remains solid 
• First-quarter economic growth came in at a faster-than-expected 6.9 percent
• PPI in April rose 6.4 percent from last year
• Iron and steel processing prices fell 3.1 percent month-on-month in April.
• Oil and natural gas prices also fell after rising the previous months.
• China's annual inflation is to average 2.1 percent in 2017.
• Beijing is targeting consumer inflation of 3 percent this year, since 2016.

]]> 2017-05-19 08:06:53 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172747904 janicelim98 https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172754144 Janice

• China is building up their debts.
• China's economy recovery is still shaky, while the global economy situation is unstable.

]]> 2017-05-19 08:43:40 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172754144 hayyunih https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172756138 Hayyuni

• China is aiming to expand its economy by 6.5% in 2017 
• Hopes to achieve results with fiscal policy
• Slow economic progress due to government debt
• GDP grew by 6.5% in 2016, slowest in decades yet within target
• Speculation that China will overstate growth to conceal truth of slowing economy
• China targets to push forward with asset securitization and debt-to-equity swaps this year
• China set a budget deficit target of 3% of GDP for this year

]]> 2017-05-19 08:54:19 UTC https://padlet.com/joeychanpig/nfoowqbmjc8i/wish/172756138