Chinese Economics Thread
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this is absolute bullshit data. there's no easy way to put it. it is 100% false and/or misleading, which is extremely easy to demonstrate.
(85 million 10-14, 86 million 5-9, 81 million 0-4).
Children 0-4 have income of 0. There is no economic way to make them work.
Children 5-14 are in school. Are they all in school? Yes.
. This implies that 90% of children ages 0-4 have a non-zero income and 100% of children ages 5-14 have a non-zero income despite being all enrolled in school or being literal babies.
Maybe they've factored in 压岁钱
still not enough. only 200 million with yearly salary 0-6000.
Unless 50 million children get at least 7k in 压岁钱, it doesn't make sense. But that means that on average, 100 million parents have the disposable income to give 7k to their kids.
There is no way to reconcile that data with China's population pyramid, and here I'm assuming 100% labor participation rate too... there's adults with 0 income like housewives, after all. Though not many housewives still around, there's still what, 10% women that don't work?
lol, why can't you read the article? It says that the data is from Chinese NBS compiled by Beijing normal university, it was a survey in about 70000 households.
The data is the disposable income per capita, which means that if the average household is about 3 persons and 1 or 2 persons work then the net income is divided by all in the household. That's why it is income for 1.4B people. The disposable income per capita is the main indicator which Chinese NBS started to use a few years ago.
Of course, the data is undercounted to some degree, with a Chinese gray area, but it looks like Chinese Premier Li Keqiang believes the data to a level he was mentioning about it at an important conference, so you tell me you don't believe Chinese NBS?
And some people write some sour grapes that I complain about income inequality, where did I complain? Some people wanted the source, so I gave them. And this chart doesn't show the income inequality, it's the other way, it undercounts the high incomers, if the data was more real, it would give the picture of quite normal distribution of income.
Especially that the survey showed that a lot of Chinese households holds big assets.
The article:
The data is the disposable income per capita, which means that if the average household is about 3 persons and 1 or 2 persons work then the net income is divided by all in the household. That's why it is income for 1.4B people. The disposable income per capita is the main indicator which Chinese NBS started to use a few years ago.
Of course, the data is undercounted to some degree, with a Chinese gray area, but it looks like Chinese Premier Li Keqiang believes the data to a level he was mentioning about it at an important conference, so you tell me you don't believe Chinese NBS?
And some people write some sour grapes that I complain about income inequality, where did I complain? Some people wanted the source, so I gave them. And this chart doesn't show the income inequality, it's the other way, it undercounts the high incomers, if the data was more real, it would give the picture of quite normal distribution of income.
Especially that the survey showed that a lot of Chinese households holds big assets.
The article:
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I suppoet your opinion. The governments are a group of capable people who know their country best and the present situation, they are wise and cautious.
@Crang Yup since most of the exports are Chinese made Tesla anyway and comrade Musk is preparing to downside the US plant to refute their claims.
Oh dear China is going to collapse for the 4389th time.
Cheaper homes -> millennials can own homes -> more spending power elsewhere
Homes are for living not for speculation and certainly not for greedy capitalists to hoard and become batshit crazy landlords.
Down with landlords, redistribute the land!
Landlords should be fed to the pigs
You know the drill
House prices increase > young couples can't afford a house > no place to make babies > demographic collapse
House prices decrease > real estate collapse > economic collapse