Editor's note: The following article was translated and edited from several issues of the Chinese publication IT Time Weekly (IT时代周刊). The magazine features a weekly section called "figuratively speaking" (用数字说话)— a pun on its use of eye-catching numbers and percentages to list the week's big stories in Chinese business and technology. The following article recaps a selection of the most notable items to come out of the section over the last few months. 

1)  43 - Number of Chinese companies trading on the US stock exchanges facing possible delisting

As of December 6th 2011, share prices for 92 Chinese companies trading in the US Stock Exchanges had dropped below 2 USD. Among these, the share prices for 43 Chinese companies were trading for less than 1 USD. According to US Stock Exchange regulations, any stock trading under 1 USD faces the possibility of being delisted if they can't get their share price to increase over a certain period of time.

2)  2.9% - The percentage drop in iPhone's share of the Chinese smartphone market

In the third quarter of 2011, Apple's smartphone market share dropped down to 10.4% in the 3Q of 2011 from 13.3% in the third quarter of 2010. This 2.9% fall came at the benefit of Samsung and Huawei whose year-over-year share in the Chinese smartphone market increased from 14.6% to 19.2% and from 7.3% to 11% respectively.

3)  3,000% - The percentage difference between the highest-paid Chinese professionals and the Chinese minimum wage

According to a report from the China Economic System Reform Research Association, civil servant wages are six times greater than the Chinese minimum wage, and two times greater than the global average. Wages for high officials in state-owned enterprises are 98 times the Chinese minimum wage and five times the global average, while wages for Chinese professionals are at most 3,000% (30 times) the Chinese minimum wage, and 70% greater than the global average.

4)  28.9% - The percentage increase for domestic production of laptops in 2011

According to a report from the Ministry of Industry, the January-November 2011      domestic production output of computer devices exceeded 290 million units, representing a 32% increase over the previous year. Among this total number, 220 million units were laptops, representing a 28.9% increase over the previous year.

5)  +60% - The percentage of respondents who don't approve of a real-name system for online payments

A substantial percentage of online shoppers expressed apprehension over the safety of their private information if the real-name system is implemented for online payments.

6)  9,230 – The amount of money (RMB) spent per capita by Beijingers on online shopping

Beijing residents spent and average 9,230 RMB online in 2011, an amount that that placed it in the No. 2 spot for the whole country. However, the total amount of money spent online by Beijingers only accounts for about 7% of the whole country (5th place). According to statistics, those born in the 1960s and 1970s have become the primary online spenders.

7)  356,000,000 - The number of cell phone data plan subscribers in China

According to the 29th State of the Chinese Internet Development Statistics Report, at the end of 2011, there were 513 Million netizens in China and 356 million of them were accessing the Internet via their cell phone's data plan. Also interesting, nearly half of these netizens use one of the Weibo services (48.7%), making it one of the most important channels for many Chinese to get their news. 

8)  550% - The percentage increase in the domestic "group-buy" market in China

In its annual report about the state of group buying industry, www.tuan800.com announced that group-buying in China saw a 550% increase in 2011 to about 11 billion RMB. "Dining" related group-buys proved to be the most popular, representing 36% of the total group-buy industry's sales.
 

Source: http://www.ittime.com.cn/
 

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Keywords: Chinese Business and technology Chinese companies US stock exchange facts about Chinese business facts about Chinese technology