China Financial Daily

Alibaba will dismiss the Employees after National Day
Alibaba now encounters cold winter: the stock prices of Alibaba suffered the drastic devaluation; the subsidiary companies have been combined; payment users have lost. Moreover, Alibaba is involved in the layoff problems. Yesterday (Oct. 5), a reporter released that in order to smoothly pass this difficult time, Alibaba group will greatly dismiss employees after the National Day; therefore, the new round layoff tide will be developed.

Yahoo is carrying out a Large-scale Layoffs
According to foreign media on Oct.3, the informed people disclosed that Yahoo is making a new round layoff planning; the number of layoffs is expected to be no more than 20%. At the end of Sept., some one suggested that Yahoo should lay off 3018 employees, while this number has exceeded 20% of the total staff amount. But the informant claimed there would be little possibility for Yahoo dismissing the employees, whereas there is also some pessimistic prediction, which claimed that there would 3500 Yahoo employees be laid off.

Chinese Economic Growth in Current Stage

7.1% Average Annual Increase of Net income for Chinese Farmers
The report from National Development and Reform Commission shows that Chinese farmers have 7.1% average annual increase of net income in 30 years’ reform and opening up according to the comparable price. The report says that there is tremendous change in Chinese rural economy and society. The average net income of farmers increase from 133.6 yuan in 1978 to 4140.4 yuan in 2007, which increases 138 yuan every years averagely.

Chinese Non-public Economy has developed rapidly in 30 Years
Reporter of Xinhua Beijing on October 5 reported that since the reform and opening up, Chinese non-public economy has developed rapidly. Individual industrial and commercial households have developed into 27.5909 million from 0.1007 million in 1978; the private companies developed into 6.2387 million from 90.5 thousand in 1989; and the foreign–invested enterprises from zero to 0.4191 million companies.