Asia Unhedged — China will struggle to maintain growth pace for wages – stats bureau

Wages in China kept pace with economic growth in the first half of 2016 but maintaining that will be difficult, the country’s statistics bureau said on Sunday.

It cited issues such as overcapacity in China’s coal and steel sectors as well as some declining agricultural prices as taking a toll on salaries.

Maintaining the relationship between the pace of growth and that of wage increases is a challenge requiring “close attention”, Wang Pingping, head of the National Bureau of Statistics’ (NBS) household survey office said, according to the bureau’s website.

Disposable household income, adjusted for inflation, rose 6.5 percent in the first half of the year, compared with economic growth of 6.7 percent, the statistics bureau reported on July 15.

Asia Times
China will struggle to maintain growth pace for wages – stats bureau

Asia Unhedged

East Asia Forum — China's Changing Economy...it will Take a While

Cutting through the hype about China being adrift economically and financially. They have a plan for rebalancing away from investment for export to domestic consumption and expansion of the service sector —  and they are working the plan.

A lot of the nonsense about the Chinese economy coming from the West is based on the same neoclassical economics that is hobbling growth in the West owing to "expansionary fiscal austerity" to bolster confidence. China is not buying into that nonsense. Apparently, morons are not in charge there.

Economy Watch

China's Changing Economy...it will Take a While
East Asia Forum

Reuters — China healthcare costs forcing patients into crippling debt

Not just the US.

Official data show up to 44 percent of families pushed into poverty were impoverished by illness.

The good news is that modern health care is capable of providing treatment for many conditions that were not treatable previously. The bad news that a lot of it is very costly and only the wealthy can afford the best treatment when care is rationed by price.

Reuters
China healthcare costs forcing patients into crippling debt
Adam Jourdan and Ben Hirschler | Shanghai/London