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  • THE ECONOMIC OBSERVER
    ECONOMICS | NATION | MARKET | CORPORATION | BRIEFS | SPECIAL
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    site: HOME > > Economic > China Buzz > Best of Web
    China Numbers: BBQ, Beer & Fraudsters

     

    Photo: China.org.cn


    The numbers making news around China during the week of July 29, 2013

    $748 billion
    Amount in market value the Shanghai Composite Index (SHCOMP) has lost since August 2009 – a 43 percent tumble. Only Greece’s ASE Index has fallen more in percentage terms. Bloomberg

    20 percent
    20 percent of the cost of a typical Chinese medication is spent on bribery related to medicine purchases and sales, according toYu Mingde, chief of the Chinese Pharmaceutical Enterprises Association. China Daily

    20,000 yuan
    Fine that BBQ stall owners will now face in Beijing – four times what it previously was. Authorities are cracking down under the banner of tackling air pollution. Global Times

    48 percent
    Proportion of the rise in urban housing costs from 2003 to 2009 estimated to sprout from competition for brides rooted in China’s gender imbalance. All China Women’s Federation

    50 billion liters
    China’s current annual beer consumption, making it the biggest market in the world. The Atlantic

    60 million
    Number of Chinese who had lost money to online fraudsters by 2011, with the total amount swindled exceeding $ 4.9 billion. 30 percent of all online shoppers have been victims of scams. Danwei

    $17 trillion
    Total debt in China, according to Wang Tao, chief China economist at UBS Securities (UBS). This represents 210 percent of the country’s GDP. Bloomberg Newsweek

    27,700
    Number of people who were killed or went missing in workplace accidents in China in the first half of 2013. Shanghaiist


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