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Do Chinese really consume little? [Copy link] 中文

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Post time 2012-12-1 21:20:12 |Display all floors
I often read that China's economy has a problem. GDP is dominated by Investment and Export. Individual Consumption is far leg behind them.

I used to think it was a right judgement. Most of my income would go into banks. Sometimes 100% of my monthly income would go into my bank account. I tried to consume as little as possible. I used to lived like that from childhood.

For many party members and gov officials, it would be the right judgement too. They don't need to draw their own income. The bribe and gov-fund would feed them fat through gov-car service, gov-meat service, gov-travel service, etc. So, many of them have nearly zero individual consumption.

However, I doubt this judgement now. Lately, I met many young Chinese. They saved nearly nothing every month. Some of them have to make a living through loans from credit cars. They like to enjoy the luxurious electronics, such as iphone cell phone and laptop, with low salaries. Many of them have little savings in banks. it seems that many young Chinese have learned the American and European lifestyles from hollywood movies.

Since many young Chinese use almost all of their salaries in personal consumption and save little, why our economists still assert that China's personal consumption is still low?


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Post time 2012-12-2 11:30:29 |Display all floors
Many young Chinese use almost all of their salaries in personal consumption and save little,because their lowest salaries.

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Post time 2012-12-2 11:31:38 |Display all floors
This post was edited by 马晓伟 at 2012-12-2 11:32

Real consumption is concentrated in the minority.

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Post time 2012-12-2 12:16:00 |Display all floors
They like to enjoy the luxurious electronics, such as iphone cell phone and laptop, with low salaries.


China needs to re-value the RMB so that ordinary Chinese share in the wealth. Chinese labour is under-valued.
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Post time 2012-12-2 14:22:54 |Display all floors
This post was edited by 468259058 at 2012-12-2 14:49

In my hometown, a fair (maket) is held in the 3rd, 8th, 13th, 18th, 23th, and 28th day, of every month (in Chinese calenda). Farmers living miles away would gather in the main street of our village. Farmers would sell grain, eggs, cocks, while vendors would sell clothes, fishes, meat,  fruits, vegetable, small stuff.

In my childhood, we lived just 2 houses next to the market street. Once my grandpa had gone there for buying apple. After 1 hours, he came back with some bad apples. It cost 5 "Jiao" (0.5 yuan, or US 0.08 dollar). My grandparents always bought the cheapest one.

In our city - Jinan, many old guys used to buy the cheapest vegetable too. They would take 1-hour bus to some area for buying cheapest vegetbale for saving only 1 yuan (or US 0.16 dollar).

In my childhood, we wouldn't go to hospital for saving money unitl the pain went serious. My mom did that too. My mom didn't go to hospital until she could bear the pain any more. It was the terminal cancer already when she went to hospital at last.

That was the lifestyle of Chinese old generation.
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Post time 2012-12-2 14:42:08 |Display all floors
马晓伟 Post time: 2012-12-2 11:30
Many young Chinese use almost all of their salaries in personal consumption and save little,because  ...

That is to say, many young Chinese have consumed most of their income already. However, the weight of consumption is still low in our GDP.

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Post time 2012-12-2 14:50:09 |Display all floors
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