Household Incomes

Ask Melanie: How to avoid falling off your own fiscal cliff

A review of credit card statements may uncovers auto-payments still in place but no longer needed.

We often dip into our investment capital to supplement a lifestyle the whole family takes for granted. This worries me as my husband semi-retired on the strength of my package, which is now looking insecure. How do we rein in family spending?

Monday, 31 December, 2012, 4:58am

Growth in wealthy inland households to outpace downturn-hit coastal cities

Mainland investors have become less keen on stocks this year.

The number of wealthy households in the mainland's inland region are set to grow faster than in the rich cities and coastal provinces where the economic slowdown has hit harder, a study has shown.

21 Dec 2012 - 3:46am

China now reaching the same levels of inequality as Johannesburg

A female scavenger putting useful construction waste she picked up onto her trolly in a garbage dump in Hefei, central China's Anhui province. China's wealth gap has widened to a level where it is among the world's most unequal nations, a Chinese academic institute said in a survey, as huge numbers of poor are left behind by the economic boom. Photo: AFP

The Johannesburg suburb of Sandton is a real eye-opener. Known among property agents as "Africa's richest square mile", Sandton is the office location of choice for multinational investment banks and brokerages - thanks, in part, to its heavy security.

11 Dec 2012 - 3:43am 5 comments

Think of China as a continent, not as one national economy

A street vendor rides a motor trike past residential buildings on the outskirts of Beijing. While economic growth rates in the richer provinces may well tail off over the coming years, the country's poorer regions can still grow rapidly while catching up. Photo: Bloomberg

We've heard a lot in recent months about how China is in danger of falling into the middle income trap.

But there's a problem with these warnings. They treat China as if it were a single country. But in economic terms, China looks more like an entire continent.

26 Nov 2012 - 2:38am 2 comments

Hu report signals slower GDP growth, researcher says

An investor watches stock market movements while listening to Hu Jintao reveal plans for the economy. Photo: Reuters

Economic goals laid out in Hu Jintao's report to the 18th party congress report have sent a clear signal that Beijing is willing to slow growth and focus on boosting people's wages, a senior government researcher said.

12 Nov 2012 - 5:58am

Hu Jintao sets target of doubling incomes by 2020

The Communist Party aims to double average household incomes on the mainland by 2020.

The Communist Party aims to double average household incomes on the mainland by 2020, party chief Hu Jintao said yesterday at the opening of a pivotal party congress that will usher in a new generation of leaders.

He insisted the party's firm political control was the key to achieving that target.

9 Nov 2012 - 12:25pm 1 comment

Hu betrays muddled thinking about China's economic future

Having cash is what counts

It's probably just as well that Hu Jintao will soon be stepping down as president of China, because in his address to the party faithful yesterday, he sounded badly confused about the country's economy.

9 Nov 2012 - 3:59am 4 comments