Hosted by Kai Ryssdal, our flagship program is all about providing context on the economic news of the day. Through stories, conversations and newsworthy numbers, we help listeners understand the economic world around them.
The Chinese government claims low inflation, but people in the financial hub of Shanghai complain that the cost of living is rising much faster. Last available figures put the average monthly wage in the city at 7,200 yuan or $1,047. Today, we look at what it’s like to live on that. Plus: the Fed and business leaders are puzzled by the economy, but consumers don’t seem to mind.