Author: Bandito

HAS THE CHINESE ECONOMIC MIRACLE LOST ITS SHEEN? [Copy link] 中文

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Post time 2013-7-16 17:02:42 |Display all floors
This post was edited by Bandito at 2013-7-16 13:04
EricTian Post time: 2013-7-16 12:11
After fasting development of china in recent years, the economic get a great sucess. but it stored m ...

You are correct but the poorer classes are being cheated wholesale

How Is Wealth Distributed Across China?

Between 2008 and 2009 the number of Chinese millionaires with assets worth more than 10 million renminbi rose from 825,000 to 875,000, according to rough estimates by the Chinese government. Within just one year, 50,000 more Chinese struck it rich.

The number of super rich with assets in excess of 100 million renminbi increased by 4,000 during the same period, from 51,000 to 55,000. China even has some 2,000 billionaires with assets of more than 1 billion renminbi and more than 100 mega rich worth more than 10 billion renminbi.

Not long ago Xincaifu (“New Wealth”), a monthly Chinese business magazine, came out with its latest list of China's 500 richest people, which showed that 88 had made their fortune in real estate, owning an average 7.38 billion renminbi per person.

The number of real estate noveau rich is troubling.......and like the Japan, Korea and US........headwinds ahead  

The super rich at the top of the wealth pyramid are rapidly increasing, while the average peasant at the bottom earns less than US$5,000 per year.
No, I live above Sunset Plaza, it's a little house I rent and it's a little rundown but has a beautiful view, what about you?

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Post time 2013-7-16 20:26:39 |Display all floors
Like everything else in the world, there are cyclic periods. UP & DOWN
Round Up is good for developing the mind

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Post time 2013-7-16 21:22:47 |Display all floors
Motika Post time: 2013-7-16 16:26
Like everything else in the world, there are cyclic periods. UP & DOWN

Just don't tell the fangirls........
No, I live above Sunset Plaza, it's a little house I rent and it's a little rundown but has a beautiful view, what about you?

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Post time 2013-7-16 21:30:37 |Display all floors
What "miracle" are you talking about?

Pay 300 USD/month  young workers to make 10 smartphones/hour that will be sold 600 USD, 360 days/year with 16 hours a day working, devastating your own acestors land with pollution and cops to make your mouth shut up if you dont agree the rules?

If China had invented another way of development, not like exactly the same sht as in Europe during the 19 century where workers were threaten like animals, if China had invented a new way of development, a sustainable green economy where evryone can take place and promote different value equally, not only the money that rotten and destroy traditionnal prestigious culture, then, maybe, we could have use the world "miracle".

But sorry, China is just repeating the same sht like USA, opressing workers, give everything for the rich and nothing for the poors, and let a polluted dangerous world to future generation.

No miracle. be able to afford for an iphone or even one ounce of rice doesnt make a "miracle".

You confuse money and human miracle. There is a huge gap between these two things.

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Post time 2013-7-16 23:47:54 |Display all floors
Bandito Post time: 2013-7-16 16:56
aaooq, we are not comparing it with US/EU economy at this juncture but by the excellent standards  ...

compared with the goad set up by our government at the beginning of this year, we did lose our economic sheen. but who cares? except for our leaders or economists or some speculators.

i think that 95% of our people will not care about the pure economic figures, what is the meaning to them? no matter how high our economic growth rate is, the majority of people's pocket is empty as always.

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Post time 2013-7-17 02:05:35 |Display all floors
west world is getting ready to celebrate like gordon g chang

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Post time 2013-7-17 04:14:05 |Display all floors
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