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    China Numbers: Banks, Wages & Institutional Widows

                                 Photo: China Times


    The numbers making news around China during the week of April 1, 2013

    18.3 trillion yuan
    Amount that pension shortfalls could reach in China this year. By 2033, that number could rise to 68.2 trillion. About half of China's 31 provinces are unable to pay their retiree costs and rely instead on financial transfer from the central government. Caijing

    47 million
    Estimated number of women in China who must live without their husbands for long periods of time due to migrant work. They’re sometimes referred to as “institutional widows.” eChinacities

    1.47 million yuan
    Amount China’s top five state-owned banks make every minute. Beijing News

    $230 billion
    The cost of China’s environmental degradation in 2010 - 3.5 percent of the nation’s GDP and three times the amount in 2004. New York Times

    159 million yuan
    Value of a property deal that was done through Taobao, China’s largest e-commerce platform. The deal was the largest online property auction ever in China. An official said the seller saved 1 million yuan in commission by selling the land online. Caixin

    14 yuan
    The new hourly minimum wage in Shanghai – up from 12.5 yuan. The minimum monthly salary has also increased from 1,450 to 1,620 yuan. This means the city’s minimum wage has surpassed Shenzhen’s as the country’s highest. Caixin

      

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