Incomes climb 10% in Q1
People’s incomes are continuing to rise following a series of government initiatives to stimulate domestic consumption, according to National Bureau of Statistics figures. Urban disposable income per capita rose 10.8% year-on-year in the first quarter to US$410.78 after allowing for price rises, against an 8.6% rise in the first quarter last year. Per capita disposable income for rural residents rose 11.5% to US$136.47, 0.4 percentage points lower than growth in the same period last year. But the National Development and Reform Commission’s Economics Research Institute deputy director Yang Yiyong told the South China Morning Post rising incomes did not imply corresponding growth in consumption, because people tended to save due to uncertainties about jobs, medical care and retirement.

China to lead Japan on ore prices
Japan s leading steelmakers are waiting for China, the world s leading importer of iron ore, to set a benchmark price before negotiating raw material contracts with Brazilian and Australian suppliers, the Financial Times reported. The unprecedented move comes after Nippon Steel, Asia s leading steelmaker, agreed a 71.5% price increase for iron ore from Brazil s CVRD last year and reflects China s new clout as the world s biggest buyer of raw materials. Melinda Moore, chief representative in China for trade journal Steel Business Briefing said the Chinese think they should lead negotiations in part because the Japanese agreed to such a big price rise last year. Chinese authorities have warned steel mills not to sign separate agreements with iron ore miners, saying they will lose their ore import licences if they break ranks with the rest of the industry.

Maid trainees learn the basics
May. 6 – Demand for domestic help skyrockets in China’s cosmopolitan Shanghai City, prompting a ‘Maid School’ to open.

Hu speaks at Yale
Apr. 21 – Chinese President Hu Jintao finished up a four-day visit to the United States with a speech at Yale after a stop in Washington that failed to produce any major breakthroughs.

Girl confirmed with bird flu
The Ministry of Health confirmed an eight year-old girl from southwest China’s Sichuan province has been infected with the H5N1 bird flu virus. She was admitted to a local hospital showing symptoms of fever and pneumonia on April 16 The girl, who remains in hospital, is the mainland s second human case this month and comes a day after a top WHO official warned the world not to tire of fighting the virus. Investigators said poultry had died in the patient’s house before she caught the disease. The diagnosis brings China’s laboratory-confirmed cases to 18, 12 of which had been fatal.

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About the Author

VMT Singuillo is a freelance writer and has written articles on subjects as cheap hotels and cheap motels, grandfather clocks and more. He has a blog entitled Little’s Blog Things.