Chinese Economics Thread

[weig2000]

Police, fire service, and customs - They're all civil servants, and the government provides some form of housing support. The level of support depends on the civil service rank though.

My uncle is still with the HKPF, and I'm not sure about what level of housing benefits he received as a police constable because he still lived with my grandparents. When he made Probationary Inspector, he moved into government quarters... and the apartment he was assigned had to be at least 1000 sq feet. He stayed there until promotion to Senior Inspector, when he was eligible to move to larger quarters... and I swear to god that apartment was like a fucking mansion (my cousins each had a hefty bedroom and there was still space for a playroom that doubled as my grandmother's bedroom whenever she visited lol). He managed to stay there after promoting to Chief Inspector, but once he moved up to Superintendent he was required to move out - I suppose the government expects that once you've made rank you ought to earn enough or have enough saved up for a mortgage. I'm pretty sure he doesn't receive any direct housing allowance right now.

I'm not sure about commissioners though (tbf there are only 25 full time police that fall in the commissioner bracket of rank), because we've got family friends that made rank (at least in the upper brackets of rank) in the civil service and I'm pretty sure they lived in government quarters.

1000 sq feet is huge by HK standard! I suppose civil service is probably the best job in HK: the pay, the benefits and the job security.

 

[crash8pilot]

1000 sq feet is huge by HK standard! I suppose civil service is probably the best job in HK: the pay, the benefits and the job security.

It was a big shock to their family having to move from an apartment that was at least 1800 sq feet to a 700 sq foot apartment when my uncle made Superintendent. He also doesn't have much long left before hitting mandatory retirement (55 years of age) from the force. Funny enough he's followed my dad's advice and bought an apartment up the road in Shenzhen, but my parents tell me he's still working on his exit strategy for what to do in a couple of years to financially support the education of my cousins.

 

[weig2000]

It was a big shock to their family having to move from an apartment that was at least 1800 sq feet to a 700 sq foot apartment when my uncle made Superintendent. He also doesn't have much long left before hitting mandatory retirement (55 years of age) from the force. Funny enough he's followed my dad's advice and bought an apartment up the road in Shenzhen, but my parents tell me he's still working on his exit strategy for what to do in a couple of years to financially support the education of my cousins.

The best investment into the China theme in the last twenty plus years is not equity, but housing. And Shenzhen has the most expensive housing market in mainland China.

 

[voyager1]

The best investment into the China theme in the last twenty plus years is not equity, but housing. And Shenzhen has the most expensive housing market in mainland China.

Which is what got Shenzhen's top officials all fired from their jobs just some weeks ago

Please, Log in or Register to view URLs content!

The Chinese technology hub of Shenzhen has replaced the mayor and and other top officials in what has been seen as punishment for failing to cool the city's overheated real estate market.

Shenzhen has become a hotbed of speculative housing deals fueled by online crowdfunding. Buyers have gone as far as using other people's names to skirt purchasing limits.

Shenzhen's property market has overheated to the point that businesses and workers could start avoiding the city, posing a risk to the tech revolution that Shenzhen has led.

 

[Gatekeeper]

I believe HKPF has some type of housing allowance.

Yes they do. They get more than allowance. They're provided with flats at a very low rent. My brother who was a policeman now retired (they can retired early with full pensions). Had a flat that I was using when ever I returned to Hong kong. Even though he was using our ancestry home in the village because it was still register in my dad's name.

That home was worth it's weight I can tell you. On top of that, they don't pay income tax! You pay 10% if you are single, but if you are married with kids. No income tax is paid!

I was writing about Soft Engineers in HK.
How much an apartment rent in HK?
Can I get a decent apartment for 1k USD? Not in the centre as long as theres MTR access is good enough.

Lol. Perhaps

I was referring to HK police force as well. I believe HK firefighters and customs officers also have some housing allowance.

I know you were. That particular part of my reply was to @caudaceus

 

[siegecrossbow]

Please, Log in or Register to view URLs content!

 

[Appix]

Which is what got Shenzhen's top officials all fired from their jobs just some weeks ago

Please, Log in or Register to view URLs content!

They are lucky we don't practice lingchi these days.

 

[siegecrossbow]

They are lucky we don't practice lingchi these days.

Which is what got Shenzhen's top officials all fired from their jobs just some weeks ago

Please, Log in or Register to view URLs content!

They are wary of a repeat of the Hong Kong situation.

 

[KYli]

Please, Log in or Register to view URLs content!

 

[Skywatcher]

There's no way the US will ever join the CPTPP (sp). The Progressives and National Populist American Workingman's Party section of the GOP will never allow it.