Theo_Fidel wrote:China is now the richest country on earth.
If say the top 200 million conservatively get to $1 million in asset as Liu is posting, owning several apartments, wife’s, cars, etc
200 million x $1 Million = $ 200 Trillion in assets.
That would mean China is worth more than the rest of the planet put together!!
1.not every one of "ant tribe" can be as successful as my elder brother,as I said in the previous post, my elder brother is a lucky dog of millions of members of "ant tribe". the yearly income of my elder brother and his wife is several times more than that of typical family in Beijing which is usually 100-200KRMB(156-32KUSD),I think.
2.but his story proves why so many CHinese youth leave their hometown and rush to CHinese big cities for fortune------those cities are land full of opportunities.
3. here is the status quo of one CHinese families in big cities or mid cities
3-4 members( the husband, the wife,1-2kids). it has two salaires because both the husband and the wife work.
the family yearly income varies according to areas. for example,the yearly income of one typical familiy around me is 50K-150K RMB it is much less than that( usually over 100K RMB) in Bejing ,because the per capita GDP here is only 1/3 of Beijing.
if the husband or wife are over 35 years old ,the family usually has 2 or more appartment. one appartment was free or bought at a extreme low price before the house-distribution reform was carried one dacade ago, the others are bought at market price.
if the husband or wife are less than 35 years old, the family obviously can not have chance to get free appartment or Preferential priced house. So those families usually have only one appartment with the support of bank loans,after paying 30% or more down payment .
4.status quo of most CHinese families living in smaller cities(county towns , ordinay towns,urbanized villages),
3-4 members(couple and 1-2 kids),two salaries.
most CHinese families in small cities (county towns or ordiniary towns) usually own one one 2-7 floored house and one new appartment at least. they usually live in the new appartment and leasing the 2-7 floored house to peasant workers.
the 2-7 floored house was usually built at very cheap cost before house reform a decade ago.
for example, both my parents and my mother_in_law live in one county town. my parents have one 2-floored house and one small shop for renting .my mother_in_law has several appartment. their houses were all bought or built at very cheap cost before house reform. So ,although their pension very limited (only 300-400 USD/monthly,evern lower than the salary in "sweatshops"), they still can live a acceptable life with the rent of their houses.
5. the status quo of most CHinese families in rual area.
4 -5 members( couple and 2-3 kids). both the husband or wife usually work as blue-collar one in urban areas. their kids are usually taken care of by their grandparents home villages. because of free accomodation and food provided by the factories, the rural couple I know usually can bring back home 30-70KRMB every year.
almost every rural family has their piece of land and one 2-7 floored house in home villiage
.
becasue house in cities is so expensive,most of rural couples who wok in urban area usually give up buying one new house in cities and spend their salary in building new houses or upgrading old houses in their home villages
Ah! the Chaddi shows....