Numbers of the Week
4.8 trillion yuan
From October 16 to November 13, the market value of the yuan-denominated A shares decreased 4.83 trillion yuan ($648.3 billion), from a peak 35.6 trillion ($4.8 trillion) to around 30 trillion yuan ($4.03 trillion). At the same time, the average price/earning ratio decreased from 46 to around 40.
10%
The Ministry of Finance ordered local governments to spend no less than 10 percent of the money earned from land sales on cheap-rent apartments and affordable residential units, with the intention of helping the poor. |