Chinese Soft Power and Media Discussion and Updates
- Thread starter tankphobia
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This ultimately just means that he's able to spend 20% of his income on housing on a normal month, which is still a substantially low rent burden in a city like Shenzhen.
Regardless this isn't relevant or generalizable for a majority of the urban population, China's rent-to-income ratio is not excessively high in general, the average rent burden in 50 of some of China's most important cities averages out to 18% in 2024. Note that this is based on a per capita living space of 30m^2, so if you want to expand this to the average living space in Europe (around 40m^2) you would multiply this percentage by 4/3. So a more realistic rental burden can be considered to be 24% of income. This data is from CIH which is a real estate data firm in China, but 24% adjusted figure is more consistent with the NBS accounting for per capita expenditure on housing, which is 23% of total final consumption.
For reference, the rent-to-income ratio across the US is around 28% from Moody's: .
So it's most likely the case that renting for the average couple is cheaper in China than in the US as it's lower as a proportion of income.
On car ownership, car ownership has become much more ubiquitous in China over the course of the last 18 years, basically within a generation. A mid-sized sedan would've taken the average manufacturing worker 120 months to purchase in 2008, but in 2024 it's roughly less than a year's worth of wages at around 10 months:
In contrast, the average US manufacturing worker works around 2100 hours a year, earning a wage of 70k USD. Picking a comparable vehicle in the US, a new Toyota Camry would be around 30k MSRP. That means the average manufacturing worker can afford a car (discounting any other expenses) in 5 months. This is still significantly better than China, but the trend in China is lower and lower prices for cars relative to average wages while in the US it is the opposite as the total number of cheaper models is dropping over time and car price growth is equivalent or exceeding wage increases in recent years. A BYD EV would also have much lower costs over time for maintenance and has cheaper refueling costs. Of course this is the kind of "deflation" that a lot of commentators decry, discounting the fact that it has basically resulted in a massive amount of consumer surplus and more affordable cars. If they were transported to the 1910s-20s I wonder if they would have the same complaints when Ford revolutionized the assembly line and Model T prices dropped substantially as a result.
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is rnaud reading it correctly? seems the subject guy (not SB) is kinda "complementing" the Chinese though, based on the snapshots?? like kinda in sarcastic tone?
All i got from the Epstein files, is that the bar for being "genius" in the western elite eyes is just be white(ashkenazi jews included), have the correct bloodline and be able to do advance high school math. That explains when the "court jews" like Kissinger and Epstein died(?) it went all downhill. No intellectual constraints on the wild imaginations of the likes of Steve Bannon, Trump, Bessent, Hegseth etc.
Surprised that they did it for Traditional as well, common Taiwan L.
