Author: 468259058

Products: dirty cheap in U.S.A; sky high in mainland China [Copy link] 中文

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Post time 2011-6-29 15:02:04 |Display all floors
Why did so many products in China are expensive more than 1 times of the same products in U.S.A?


High import and consumption taxes, expensive monopolies, distorting economic policies.
However, you shouldn't only look on American products. A bowl of noodles or fried costs perhaps 5 Yuan in a smaller Chinese city and 5 Dollars in a smaller American city... so there's an equillibrium again.

Why, from time to time, did some Chinese newspaper which directly controlled by Censoring system write:  People in China are living in happiness. People in U.S.A are suffering.


Because Chinese people are earning more than one year ago, while American people are earning less.
You don't feel happy because of the mere amount you're earning - you're feeling happy if you earn more and unhappy if you earn less. In addition, you compare yourself with people around you, so social inequalities are also a major source of unhappiness. But, according to the current Gini Index, China and the USA are very simillar in this field, which is why we can omit this variable.

In other words: if your salary grows by 20 percent, you'll feel happy - if it decreases by 20 percent, you'll feel bad. No matter whether the base is 5000 yuan or 50.000 Yuan.

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Post time 2011-6-29 15:34:06 |Display all floors
Originally posted by Everynowhere at 2011-6-29 15:02
A bowl of noodles or fried costs perhaps 5 Yuan in a smaller Chinese city and 5 Dollars in a smaller American city... so there's an equillibrium again.

I agree. many products in China is cheaper than them in American cities. Especially cost relate more to labor cost, like haircut.

[ Last edited by 468259058 at 2011-6-29 03:40 PM ]
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Post time 2011-6-29 15:38:43 |Display all floors
Originally posted by Everynowhere at 2011-6-29 15:02
so there's an equillibrium again ...


Taxes (tax + fee + corruption cost) +  costs (labor costs + raw materials cost + financial cost + net profits + transportion cost + Market cost)

The prices of the same products in U.S.A is lower than half of prices of them in China?

China has the lower labor costs, the lower raw material cost, the lower financial cost, .....

Why???

Is it because of different Taxes????

[ Last edited by 468259058 at 2011-6-29 03:50 PM ]
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Post time 2011-6-29 15:39:03 |Display all floors
Originally posted by Everynowhere at 2011-6-29 15:02
Because Chinese people are earning more than one year ago, while American people are earning less.
You don't feel happy because of the mere amount you're earning - you're feeling happy if you earn more and unhappy if you earn less. In addition, you compare yourself with people around you, so social inequalities are also a major source of unhappiness. But, according to the current Gini Index, China and the USA are very simillar in this field, which is why we can omit this variable.

In other words: if your salary grows by 20 percent, you'll feel happy - if it decreases by 20 percent, you'll feel bad. No matter whether the base is 5000 yuan or 50.000 Yuan.

I disagree.
Chinese are earning more than one year ago. ??? you judged by how much money.

Chinese are earnling less and less if we judge salary by how much rice, how much cabbages, how much pork, ....,?

Chinese income was going down sharply in the past 10 years if we judge by ratio = "monthly salary/ the total money supply(counting the CPI factor)"

Chinese income was going down extremelly sharply in the past 10 years if we judge by how many percentage of one apartment.

[ Last edited by 468259058 at 2011-6-29 03:44 PM ]
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Post time 2011-6-29 17:11:58 |Display all floors
Chinese are earnling less and less if we judge salary by how much rice, how much cabbages, how much pork, ....,?


Of course it's perfectly right that purchasing power has been sinking in China in the past two or three years.
However, most ordinary people don't see that - they just see they're salaries are rising, so they feel happier than American workers who are fired, eventhough they might get unemployment benefits.

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Post time 2011-6-29 17:26:55 |Display all floors
Originally posted by Everynowhere at 2011-6-29 17:11


Of course it's perfectly right that purchasing power has been sinking in China in the past two or three years.
However, most ordinary people don't see that - they just see they're salaries are ...



Most "ordinary" people I talk to complain that their salaries are not rising fast enough to keep up with the high inflation in China.  "ordinary" people cannot even afford to buy a house in china.  So they do not seem happy to me.  And the ones that do waste their money on overpriced items are just not smart people.

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Post time 2011-6-30 10:32:36 |Display all floors
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