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  • September 18, 2014
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  1. Business - China Business - INSURANCE

    PICC first-half net profit jumps 24pc on higher income from premiums

    Posted Aug 21st 2012, 12:00am by Angela Che, Bloomberg

    ... Angela Che and Bloomberg Rival China Pacific vows to avoid taking part in price wars, after first-half net falls 54.6 per cent Profit at PICC up 24pc on higher premiums income PICC Property & Casualty, China's biggest non-life insurer, said first-half profit rose 24 per cent as premiums income increased and underwriting profitability improved. Net income climbed ...

  2. Without big reforms, China risks middle income trap

    Posted Oct 18th 2011, 12:00am

    ... in the 'middle income trap' in which growth rates collapse long before the population attains rich-country levels of wealth. These warnings are based largely on the bitter lessons of history. ... They never made it. In the 1980s their growth evaporated amid the Latin American debt crisis. Today, incomes in the big Latin American economies are still less than half those enjoyed ...

  3. Five years until income 'red alert'

    Posted Oct 04th 2005, 12:00am by Elaine Wu

    ... yesterday, the news agency contrasted the lifestyles of the rich and poor throughout the country, saying the income disparity had now reached the level of a 'yellow alert'. 'Recently, ... as saying the imbalance between cities and rural areas had become the biggest threat to social harmony. Li Jian, a scholar at the Shanghai Academy of Social Sciences, said growth in rural incomes ...

  4. Income gap, disorder are cadres' top concerns

    Posted Nov 30th 2004, 12:00am by Staff Reporter

    ... Grace Liu The income gap and social disorder are the main problems concerning Communist Party officials, according to an annual survey conducted by the Central Party School. In a poll of 107 officials holding leading positions in local governments, the party school found that 44 per cent saw the income gap as the most serious problem affecting China's social development. ...

  5. Failure to publish Gini figure hides Swazi level of inequality

    Posted Jan 27th 2012, 12:00am

    ... are not familiar with it, the Gini co-efficient is considered the standard measure of income inequality. The formula for calculating it is truly frightening, with lots of brackets, Greek and Roman letters, ... of income on a scale of zero to 100. A score of zero would represent perfect equality, with everyone in the economy earning the same amount. In contrast, a score of 100 would see all the income ...

  6. Business - Economy - MR. SHANGKONG

    Forget 'Likonomics', it's all about economic stimulus in China again

    Posted Apr 07th 2014, 04:38am by George Chen

    ... is still called "stimulus". Last week, the State Council decided at a meeting chaired by Li to halve the income tax for more small enterprises, from the 1.2 million firms currently ...

  7. Mainland call

    Posted May 16th 2008, 12:00am by Staff Reporter

    ... Higher incomes are luring professionals to China, including returning Chinese graduates ...

  8. The great divide

    Posted Sep 23rd 2011, 12:00am

    ... party secretary Wang Yang prefers 'making the cake bigger' to smooth over the problem of unequal income distribution, while the red-song-touting party secretary of Chongqing, Bo Xilai, ... touch on a real problem in China: the widening income gap. Indeed, a few years ago, the Chinese public would have been fired up by such a debate. But, this time, the people seemed ...

  9. China corporate bond market set to double

    Posted May 30th 2006, 12:00am by Jamil Anderlini

    ... Jamil Anderlini in Beijing Debt sales to grow but Beijing should allow firms to raise capital, say analysts China's tiny corporate bond market is set to double this year after the government's central economic planning authority announced it wou ...

  10. Small change

    Posted May 05th 2011, 12:00am

    ... inequality has become a top political issue. The first story was that the Chinese State Council has proposed revising the income tax rates to reduce the tax burden on the working class while raising ... income tax rates is long overdue but may not be the most effective treatment for China's rising income inequality. And for the cynical observers of local governance in China, keeping ...




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