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To: Bob Mc

What they also don't tell you is what $100/mo. buys in China. I have heard that for $500/mo., you can get a luxury apartment that would cost ten times that in Manhattan. If the ratio holds true, $100/mo. might be equivalent to a an
American salary of $12k or possibly even $24k in terms of buying power.


22 posted on 06/24/2006 2:02:10 PM PDT by jude24 ("I will oppose the sword if it's not wielded well, because my enemies are men like me.")
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To: jude24
Well, $50- 400 yuan, 4,800 a year- will certainly go further in a month in China than in the states. A good sit-down meal at a decent restaraunt would be about sixteen, twenty yuan; a basic meal of rice and some extras maybe four or five yuan. I have had some excellent good-sized meals for eight-ten yuan. Other items likewise tend to be much cheaper than in the developed world (except for quality electronics- I found some digital cameras for example that were more expensive than in the US, as in yuan-to-dollars more expensive).

However, if one is only making 400 yuan a month, while it's certainly going to stretch further than it would in the developed world, it leaves very little left over for savings, and hence upward mobility, or any kind of mobility at all for that matter. If you need healthcare you are at the mercy of the limited facilities provided by the government, and if you end up in the hospital you'll be getting your own food (unless you have relatives or friends who will bring it to you). Your health-care will probably be something along the lines of 'injections' which they will give you for a while and hope you get better. If you get worse you can't afford decent health care (from a private provider or by greasing the right palms) so you either stay sick or die.

The average salary of urban workers (according to government statistics) is 18,000 yuan. These people are making considerably less, and, it should be mentioned, many of them are doing it outside of traditional safety zones of family and community. Many of these workers are migrant workers (who may not even 'exist' legally) from the provinces who have very little contact with family, and in the event of an emergency- such as a hospital stay- cannot fall back upon normal means of coping.

48 posted on 06/24/2006 2:28:21 PM PDT by Cleburne
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To: jude24

>might be equivalent to a an American salary of $12k or
>possibly even $24k in terms of buying power.

What's taxation like in China?


81 posted on 06/24/2006 3:29:50 PM PDT by ROTB
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To: jude24
100/mo. might be equivalent to a an American salary of $12k or possibly even $24k in terms of buying power.

1 Yuan (Chinese Money) = $ 0.124961.
You do the Math!

116 posted on 06/24/2006 8:04:56 PM PDT by danmar ("The two most common elements in the Universe is hydrogen and stupidity")
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