Home | News | Special Reports | Media Spin | Audio | Multimedia | Interactive | Surf China
     
China Should Take Measures to Curb Price Rise
    2007-08-02 19:43:44     CRIENGLISH.com

China's consumer price index, the CPI, rose in the first half of this year to 4.4 percent, it's highest level in 33 months. Factors pushing up the index included higher prices for foodstuffs, mainly grain, meat and fowl and eggs. Chinese households have recently been told to expect an increase in electricity prices

Let's follow бн to learn more about what China's newspapers have been saying about the matter, and how we should cope with the rising prices.

When talking about price rises, one thing we should always mention is the general income level. This opinion is expressed in an article on the Workers' Daily. According to statistics released by the China Association for Labour Studies, the average level of Chinese workers' salaries has seen double digit annual increases.

However, what is missing from the discussion is the fact that the salary level of private companies and migrant workers has not been calculated in the research. Price rises have far exceeded their income increase.

The author of the article also suggests one possible solution is to adjust the interest rate. It is good for raising the income of the families on low and medium incomes and is also helps boost people's confidence in the future.

An article from Guangzhou Daily points out that food price rises are the major driving force for the rise of consumer price index. Continuous CPI rises at a high level will have little influence on rich people, but affect low-income earners. The government should tighten macro-economic controls to curb possible inflation and help reduce prices of raw materials. Only in this way can economic and social stability be maintained.

With China's energy regulator still considering a request from five major power suppliers to put up electricity charges, an article published in the Orient Morning Post pleas for a careful look at energy price rises.

Households on low or middle incomes are most likely to be hurt by higher electricity prices, because energy is a basic necessity of daily life and households have trouble trimming costs.

Even though wealthier households consume more than low or middle income households, the latter are more likely to feel the pinch from increasing energy costs. Under this circumstance, it is the government's job to address the problem and make sure not to increase the vulnerability of low income earners.

         Bookmark and Share
Recommend


Bridging the Strait.com claims the copyright of all material and information produced originally by our staff. All rights reserved. Reproduction of text for non-commercial purposes only is permitted provided that both the source and author are acknowledged and a notifying email is sent to us.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by Bridging the Strait.com.

 
Latest News
• China UnionPay Eases Disruptions
• Insurance Payment for Victims Made Easy
• Airlines Raise Fuel Levy due to Oil Costs
• Earthquake Shakes Tourism Industry
• Vice Premier Urges Efforts to Restore Power Supply

Listen Now
News & Reports 2008-07-05
The cross-strait weekend chartered flights between the Chinese mainland and Taiwan start.
• A War to Divide Property 2008-10-27
• Qingdao Endeavors to Tackle Algae Bloom around Olympic Venue
• What You Mostly Want to Say: Writing Topic for Quake-region Students
• More Owners of Idle Cars Emerge in China
• Let's Start from Smoke-free Olympics
• Licenses Necessary for Profit-making Net-shops
• Chinese Police, Ready for Tighten Security for the Olympics

Multimedia
Beijing Opens Second Airport Expressway
Images of Chinese Migrant Workers in Foreign Artist's Lens