Author: 468259058

Will China fall into the 'middle income trap'? [Copy link] 中文

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Post time 2011-4-15 17:35:36 |Display all floors
Originally posted by 468259058 at 2011-4-9 21:25
The country has to boost domestic consumption to drive growth in the future..
.
One opinion from a Chinese forum.

Where has the money gone?

The richest Chinese buy luxurious products.
----The taxes (consumption types, not income taxes) in Mainland China are relative high
----the price of these products are relative high
----many of them consume outside of mainland China.

Most of money of Middle income Chinese are for the living shelter.
-----More than half as land rental is going to government accounts.
-----these mortgage slaves have to consume as little as possible.

Most of money of the poor Chinese are food and the other daily necessities.

[ Last edited by 468259058 at 2011-4-15 05:38 PM ]

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Post time 2011-4-18 15:15:24 |Display all floors

Reply #8 468259058's post

what happens when these "middle income" citizen PAYS OFF that mortgage in about 15 to 20 year's time.......

LOT OF CASH to spend,
so, now he struggles to pay off the mortgage, works hard, produce for the MOTHERLAND.

ha ha ha

cheerios!

Green DRagon
Game Grandmaster

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Post time 2011-4-18 16:23:43 |Display all floors

Will China fall into the 'middle income trap'?

[quote]Originally posted by 468259058 at 2011-4-9 21:25


"... History shows that while many countries have been able to transition from low to middle income, relatively few have carried on to high income ..."



That is because any modern society naturally gravitates towards a middle income class of people.

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