An increase in land transfers and strong machinery sales helped to lift the China Confidential Rural Wealth Index (CCRWI) to 54.8 in December, up from 54.4 in November.
Rural Subsidies
Subsidies and demand to surge in 2013
Rural wealth creation should remain robust in 2013, but obstacles remain, particularly the lack of grassroots rural finance and stalled land reforms
Rural wealth surges in November
The China Confidential Rural Wealth Index rose to 54.4 in November, up from 53.4 in October, as pork prices recovered and rural machinery sales were strong.
Rural wealth creation accelerates in October
Rising farm machinery and rural vehicle ownership, and a bumper 2012 harvest lifted the China Confidential Rural Wealth Index to 53.4 in October.
Qingdao Haier – Moving downstream for growth
Strong growth of its downstream distribution business should enable Qingdao Haier to consolidate its leadership of China’s white-goods market
Bosch-Siemens – The wealthy urbanite’s brand of choice
Siemens’ advanced technology should ensure that its products qualify for the government’s upcoming energy-saving subsidy package
Gree – Cooling the Chinese countryside
China's leading air-conditioner manufacturer should be a beneficiary of the government’s new subsidy scheme for energy-saving appliances
Hisense – Subsidies to boost lacklustre domestic sales
The new subsidy scheme should help to rekindle lacklustre domestic TV and refrigerator sales for Hisense
Rural wealth creation slows slightly in April
The China Confidential Rural Wealth Index (CCRWI), which measures key aspects of rural economic activity to ascertain the pace of wealth creation, declined slightly to 52.7 in April from 53.0 in March, dragged down by slower growth in migrant worker remittances as well as falling pork prices
Declining pork prices eat into rural wealth
The China Confidential Rural Wealth Index (CCRWI), which measures key aspects of rural economic activity to ascertain the pace of wealth creation, slipped to 53.0 in March from 56.3 in February due to declining pork prices and slowing rural vehicle sales.
RENMINBI COMPASS
Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.
