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Subject: How to expand the scale of middle sclass?
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jgongliang
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How to expand the scale of middle sclass?
Certain percentage of middle class in the whole society plays an important role to build a harmonious society.Then , now, the scale of middle class in China ,10% ,is still lower than other developing countries.PLS give positive suggestions!!!!!!!!!!!!!!
2006-3-18 10:25 PM
#1
iluv2fish
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I think....
...more people must gamble with their own money and start their own business. I could
be wrong but what I see and hear so far is that the Chinese people have a dependency
on the Chinese government or a corporation for taking care of them.
The middle class will grow when more Chinese take the money out of the "safety of the
bank" and lay it on the table of entrepreneurship.
This is not intended to be a negative suggestion.
[
Last edited by iluv2fish at 2006-3-19 02:03 AM
]
2006-3-19 01:48 AM
#2
alicsli
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some opinion....
1. giveing more positive job and career positions to them.
2. enlarging the range of education of the workers with less education.
3. implementing the more harmonious policy.
4. implementing the innovation of countries.
5. enforcing the education of countrymen.
2006-3-20 06:59 PM
#3
ximalaya
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the number of middle class symbolizes level of a national economy!
2006-3-28 12:19 PM
#4
eyeofstorm
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China's main problem....1.3 billion people!!!
When it comes to sustainability and maintainable ideals...the smaller the number the easier to control or regulate. China has potential for everything and HUGE might I add but it can go both ways (negative or positive). China just needs to move in its own pace and let the momentum carry itself. If we generate too many middle classes far too quickly...think about the resource competition and detrimental potential of environment 'rape' due to enormous demand. If China and India both has the consumming mentality of the U.S. middle-class. This world would have dugged a grave for itself long time ago.
2006-3-28 12:53 PM
#5
matt605
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China's middle class is big and growing.
President Hu estimated the number of Chinese who live a "middle class" Western lifestyle to be about 125 million. That number is easily now 130 million, or, as suggested, 10% of 1,300 million.
Is this too few? Yes, but the number is growing. Those who believe that China's size is its problem are mistaken. In America and in the EU countries, the limitation to growth is often national identity. In EU countries this can really be a sticking point. People don't know how to act at work until they know what the dominant culture is. So the ask themselves, is this a Swiss company, or a German company, or a French company? Until they know the answer, then they're without an operating idea of the organization. China will never have that problem. So it can add new workers into the growth areas continually.
What China must focus upon is the education and health of its workers who will be entering the work force in the decades ahead. Each employer wants to select new employees from a pool of educated, healthy workers. When those who are entering the work force are ready to go on their first day to work, to learn, to find their role on the tearm, then China wins.
And it isn't necessary to be middle class in the Western definition in order to have peace and sustainable growth.
2006-3-28 02:01 PM
#6
eyeofstorm
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Look at the bigger picture which is inevitably closer.
We are talking about more than measely 10 percent of China's population.
2006-3-28 03:49 PM
#7
jgongliang
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potential
The enormous potential is service industry.Which has enormous capacity to supply occupations.This is the first step to make the society be stable.Then,expanding middle class scale has intrinsic meaning.
2006-3-28 07:36 PM
#8
eye2eye
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Xu Jinglian, a famous economist, says that the country should divide some of its property to the people so that some will rise up to middle-income group. Even the low-income group will have a better life. Those rich people do not need this sum of money, so the country is free of blame if it does not give any money to the rich.
2006-3-29 11:01 AM
#9
eye2eye
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Wu Jinglian, I am sorry for a mistake in spelling.
2006-3-29 11:02 AM
#10
caringhk
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Reply #1 jgongliang's post
Biz to Biz........
Land to Food to Biz to Restaurants to schools to Public........
2006-3-29 11:04 AM
#11
glorisoldier
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the oppostion to the ideas of eyeofstorm
the ideas listed by the eyeofstorm are false, in my opinon . In his/her eye , if all people have become mide-class, the world is going to be a coffin immediately . Actually , the population is not a big problem , what is the most important is the education. if all people can receive good education , the human burden can be changed into human resurce. and i can told you that an advanced technique can give rise to a large profit . for example , the PCR ,a tip in moleculechemistry, have gotten $ ten billon, which can support many people' livings. SO . i do want you not to pessimistic about the situation and not to declare any unwise attitudes. Is it right?
2006-4-8 11:52 AM
#12
markwu
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answering that
question of how to expand the scale of the middle class, one could think about the matter of the millionaires.
A survey done said there's 300,000 millionaires in China last year. How did they become so? It couldn't be they did all the work to earn the money to reach that status of financial independence. They must have leveraged their skills to manage others whom they employ to make the things, build the houses, mine the minerals, provide the services, in order to achieve their asset accumulation.
Now, can that formula be multiplied to increase the pool of 130 million so that it becomes, say, 400 million middle-classed people? They don't have to be full millionaires, only half-millionaires will do.
How do you create leveraging opportunities for 270 million people in the next year or two in order to make them into a pool of 135 million millionaire-equivalents?
Since it took 28 years to achieve 300,000, how long will it take, give or take some synergy/catalytic/asset appreciation effects, to achieve 135 million?
And if i can answer that question, i myself will be a multi-millionaire by franchising my secret formula to you, and you, and you, and you (but not tekvicious, seneca, mencius and all those oh-i-don't-know-how-to-describe).
But first a few million to the poor rural children to finish their education.
Then some more to give longwall technology to the coal miners.
Then a bit more for the urban poor.
If any left in the end, some mantous for you and me.
2006-4-8 03:10 PM
#13
eyeofstorm
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QUOTE:
Originally posted by
glorisoldier
at 2006-4-8 11:52
the ideas listed by the eyeofstorm are false, in my opinon . In his/her eye , if all people have become mide-class, the world is going to be a coffin immediately . Actually , the population is not ...
To say the population is not the problem... you have defeated yourself in this discussion. Also your 'innovative' ideas and proposal are great -- later -- however as of current which we are talking about NOW innovation will not erect out of china over-night. This takes reform in education, tolerance of society, dignity and integrity in businesses to pay R & D fees instead of jacking blueprints. Another quintessential example of 'overpopulation' is the graduates of universities this year. Ask those students how optimistic they are about finding a job with their colleagues. Bottom line, the supply and demand in China is not proportional. Too much supply and not enough demand to fill that void.
As for expanding the scale of middle class -- go with the flow and the market momentum do not do it by force.
2006-4-8 03:55 PM
#14
juntang
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change the political and economical mechanizm
increase the middle calss number,the political and economical mechanizm must be changed. the key question is that the resource can be effective collocated ,inclued the natual resource and human resource.
2006-4-8 05:14 PM
#15
glorisoldier
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QUOTE:
Originally posted by
eyeofstorm
at 2006-4-8 15:55
To say the population is not the problem... you have defeated yourself in this discussion. Also your 'innovative' ideas and proposal are great -- later -- however as of current which we are tal ...
may be ,you are right. But ,i do want to mention that you have made a huge mistake. why do i say so ? First of all, you have rushed into
the conclusion that " the demand is much larger than the supply " just from the surface situation-the application for the job. in fact , it is not because our gradutes from collegers are too much to surpass the supply . in contrast, the number is too low. of couse, the situation you have mentioned before is objective. in some major and in some school , it is much more serious. However, the cause is not limited to that simiple resaon. what is the most important is the mechinism . to break up the old and conventional way of promoting people, the problem will not exsit. do you think so, my friend? if you donnot agree with me , i will give you more details later. today ,i have no time and so much for my topic.
2006-4-10 10:53 PM
#16
eyeofstorm
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QUOTE:
may be ,you are right. But ,i do want to mention that you have made a huge mistake. why do i say so ? First of all, you have rushed into
the conclusion that " the demand is much larger than the supply "
I hope you realized that you failed to quote what I said. Now, I said the supply is larger than the demand not vice versa.
2006-4-11 01:55 AM
#17
moira123
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Saving money is preferred by the low-income citizens...government should reduce the tax on savings interest to help increase consumer spending
2006-4-11 05:25 PM
#18
greendragon
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Reply #18 moira123's post
my god! there is tax on savings?
Wow!...it is TAX FREE in Malaysia!!!!!
Green Dragon
2006-4-12 11:51 AM
#19
tongluren
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Mine That Mountain of Gold
One surefire way is to release that stored wealth in tha land. Privatize the bulk of China's 9.5 million sq. km. of land, and the released and recycled wealth will create another 300,000,000 middle class folks.
According to The Economist, "developed economies'" assets at the end of 2002 was
* Residential property: $48 trillion
* Commercial property: $14 trillion
* Equities: $20 trillion
* Government bonds: $20 trillion
* Corporate bonds: $13 trillion
* Total: $115 trillion
That makes real estate assets 54% and financial assets 46% of total stocks, bonds, and real estate assets. Assets not counted here are bank deposits, insurance "reserve" assets, and human assets; also it is not clear if all debt and equity investments are counted in the categories equities and bonds. For US asset levels see FRB: Z.1 Release-- Flow of Funds Accounts of the United States.
The current "balance sheet" of America is show here:
http://www.federalreserve.gov/releases/Z1/Current/z1r-5.pdf
What does that have to do with the price of rice in China? Well, what if private ownership of real estate is purposefully promoted? The "new found" wealth would be in the many trillions of dollars, if only because China has so many more souls.
It does not really matter who gets it first. As long as the wealth is released into the economy, it will generate more wealth as the holdings change hands.
Better yet, to answer the question of fairness, there can be laws to make the real estate transactions pay for social programs, such as a mandatory (and complimentary) "participation" by the national retirement fund, or national health care program, in the profits (but not the losses) of any real estate transaction.- say 10% of profits. As another example, in the land acquisition cases, if the farmers who are removed get 1 or 2% of the project's profits on top of the cash payments, it would go a LONG WAY towards removing the enmity and complaints. Everybody makes money and the whole country gets rich together, and get rich faster.
If all of China's land is privatized, the resulting release of wealth and the secondary effects will produce double digit growth for at least a couple decades, and will generate at least a 300,000,000 strong middle class. The central government's fiscal income will grow by 10 times in a decade.
[
Last edited by tongluren at 2006-4-13 04:47 PM
]
2006-4-13 04:45 PM
#20
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