Posted on 06/26/2005 5:56:11 AM PDT by TigerLikesRooster
and acquire wimmin
You are asking the right questions. I'll give you that.
Yup the Americanization of China continues!
However to earn 6,000yuan a month is doing quite well in China and typically is not the norm if you are talking about everyone. If you are talking highly educated and working for a foreign firm its about right... could be at least.
The average worker out of the city or in inland cities don't even come close to 6000 rmb.
True though there are people (Chinese people) making bank in China. A lot more than $6000 rmb a month...
But they are not the majority by any stretch.
At 6000 rmb a month they might fall into the top 2%-4% of income earners...
As for the expat community there my old boss (not a local Chinese) was pulling in $25,000 US per month....
By and large, only in some large cities with heavy foreign investment are people raking in this kind of dough. Its 'pockets' of excellence if you want to call it that. Suzhou, Beijing, Shanghai, and down South around Guangzhou they are doing well.
Then you have the other 1.15 billion people to count.
The US Embassy in Beijing released an economic report a while back showing stats that China's tappable market for US firms is about just over 1/3 the size of California's economy.
Once that happens we'll send MTV and rap music. 5000 years of civilization flushed in a single generation.
On a serious note, every visitor from China I entertain loves to go shopping. They hit the malls and buy a suitcase full of Levi's and brand name sneakers. They love chain restaurants. The younger owns try to be western as they view it from their limited access to pirated DVD's. I've heard Friends is a populate DVD. Some even speak the slang of Friends.
The Chinese government is a different story. I think they are edging toword losing control. Chinese people are getting a taste of freedom. They are traveling to the US and Europe more and more.
Yes it does work, Reagan force the USSR to spend itself into defeat.
How old are these visitors? Are they college educated? I ask because the Chinese grad students I hang out with are for the most part frugal in their accommodations and lifestyle (in some cases out of habit, in other cases because they're sending money back home to family members with medical problems). I'll grant that friends from Beijing or (especially) Shanghai are likely to be the exceptions to this rule.
Isn't the Chinese Yuan undervalued by China by some 27%?
I suspect if they allowed it to flourish at the rate it's worth, there wouldn't be much debt to worry about.
Then again, the implications of allowing the Yuan to be traded at the actual value would raise the cost of Chinese goods in America to eventually raise by that amount in price, so it'd hurt them eventually. Imagine the screams of the America consumer as the cost of cheaply made Chinese goods suddenly raise by that amount overnight...
It will be interesting to see how President Bush follows through with his demands that the Chinese stop devaluing their currency. There is all sorts of talk of trade tariffs and other economic sanctions. Then again, for any of this to actually occur, the basic assumption would be that most of the Republican congress and Senate are vertebrates.
that could be the plan after all, except that they didnt think the chinese would stonewall on them.
For communists, they certainly have capitalism down, don't they? :)
This reminds me of an old Chinese proverb:
1st Generation: Peasant. Works hard, lives modestly, saves money, buys land.
2nd Generation: Lives well, spends the money.
3rd Generation: Lives well, takes out loans against the land, loses the land.
4th Generation: Peasant.
Hmmm, then when do they get their Sherman Anti-trust Act to ensure that the robber barrons stay less powerful than the government? That happened in the US just after the turn of the century.
Comrades! The Americanization of China is nearly complete! We have ingrained in their younger generation our wanton consummerism! Now, on to our next phase of World Domination! /sarcasm ;)
Forced abortions have created a population of spoiled boys who are also only children.
The Chinese pyramid of power rests on a precarious base. Christian prosyletizing and church building would go a long way towards preventing Chinese hegemony.
They are ususally between the mid-20's and early 30's. They buy Levi's because of the cost. A $26 pair of jeans from Sears can be over $100 there. The married guys always come with a wife supplied list. Cosmetics, clothes, and shoes seem to be at the top.
As for education, They all seem to have at least a BS. I would be surprised if a lesser educated worker could leave the China. We had a party for them awhile back. They all had their pictures taken hold shotguns and rifles. They are actually a fun group.
It's the government I have issues with. It's would be different if a free country was attempting to buy us out. A communist country doing the same thing gives me the whillies. They have no problem with making their own people suffer on a massive level to achieve their goals.
The younger owns try to be western as they view it from their limited access to pirated DVD's.
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"Hmmm, then when do they get their Sherman Anti-trust Act to ensure that the robber barrons stay less powerful than the government? That happened in the US just after the turn of the century."
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Probably never.
Snow???
OH!
You mean that white stuff that lightly covered the 2" of ice from the sleet storms.
How 'grateful' was she?
;^)
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