综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Handouts are not the answer to inflation

(China Daily)
Updated: 2008-02-28 10:50

A recent report announced that Xing Pu, a member of the Shanghai municipal committee of the Chinese People's Political Consultative Conference, said the government should give 1,000 yuan ($137) to each Chinese citizen as a special subsidy to cushion them from the pressure of inflation.

Related readings:
Price rises approved in 7 regions
Nation faces increasing inflation risk
CPI hits new high of 7.1% in January
Property prices begin to slide

A specialist in economics, Xing said the idea was to share the fruits of the country's economic progress among all people fairly and equally. He said people's actual purchasing power had been infringed upon by the continuous rises in the prices of commodities, even as the country has seen remarkable improvement in its economic power.

Xing's suggestion is out of box, indeed. But the proposed universal subsidy may not serve the purpose Xing intended. If everyone got an extra 1,000 yuan, it would have the same effect as the central bank putting more cash into circulation.

Thus, commodity prices would be driven up, inflation would worsen and common people would feel even more pressure from the price rises. They would not be enjoying real wealth.

Despite the questionable feasibility of his suggestion, Xing has singled out an issue that is calling for urgent attention - actual incomes are shrinking.

The figures from the National Bureau of Statistics said the GDP grew by 11.4 percent in 2007, and government income reached 5 trillion yuan, representing a 31 percent rise over the previous year.

During the period, the per capita disposable income of urban residents increased by 17.2 percent, and the average income of the rural dwellers was up by 15.4 percent.

The gap between the growth rates of State and individual income is notable.

Driven by the country's high-speed economic development, the consumer price index (CPI) has also been on a steep rise. The CPI grew by 4.8 percent last year. And in January 2008, the CPI was 7.1 percent higher than it was during the same time last year, which was a record for year-on-year growth of the past 11 years.

To make things worse, the snowstorm that hit the central and southern regions of China during the winter hurt agricultural production in those areas, raising people's expectations of further inflation, especially for food.

The climbing prices of consumer goods have erased the gains from rising incomes.


(For more biz stories, please visit Industry Updates)

   1 2   


阿城市| 石阡县| 和龙市| 黄大仙区| 慈利县| 陕西省| 菏泽市| 栾川县| 云梦县| 沙雅县| 淮南市| 炉霍县| 天门市| 万全县| 阿克苏市| 邵东县| 太仓市| 闻喜县| 开鲁县| 介休市| 泾源县| 克山县| 曲水县| 玛曲县| 繁峙县| 伊宁县| 武胜县| 双牌县| 德化县| 汉沽区| 西乌| 雅安市| 苏尼特右旗| 宜州市| 梅河口市| 遂平县| 加查县| 屏边| 东海县| 龙里县| 诸城市|