Yeah, but that's disposable income, and that's after tax money. And this is official statistics, better to go see the reality on the ground. A lot of places are in gray area, and the reporting is not very strict.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
A migrant worker can earn 5,000 per month.
To be fair, that is still affordable for most Chinese people. Here in the US, the average cost of attendance at public universities was $27,940 for in-state students and $45,240 for out-of-state students in 2023. The average cost of attendance at private universities was $57,570 in 2023. Source: .
The disposable personal income per capita in the US was $60,317 in 2023. This means that the average cost of attendance was 46.3%, 75.0%, and 95.4% of the disposable personal income per capita in 2023. Source:
China could do better, but it's not faring too badly.
For most majors at Tsinghua University (top engineering school in China), tuition is 5000 CNY (about 700 USD) per year and dorm rooms cost 750~900 CNY (about 105~125 USD) per year.
For comparison, my relatives in Shanghai and Heilongjiang (province with the second lowest per capita GDP in China) pay their live-in nannies 8500 CNY and 3500 CNY per month respectively (free room and board are provided in both cases). So cost of university attendance is a non-trivial expense but still quite affordable even for people working menial jobs in China.
For comparison, my relatives in Shanghai and Heilongjiang (province with the second lowest per capita GDP in China) pay their live-in nannies 8500 CNY and 3500 CNY per month respectively (free room and board are provided in both cases). So cost of university attendance is a non-trivial expense but still quite affordable even for people working menial jobs in China.
Last edited:
Really great quarter for PDD
same with Kuaishou, great quarter
Last edited:
I think these are both from Robin Brooks. China's export of transportation equipment to Russia and Saudi Arabia since Ukraine conflict started. Huge shift in all of this. If you do Brazil, It'd probably look something similar
Europe smartphone sales by brand in Q1
Oppo (including Oneplus) actually fell out of top 5 to be replaced by realme and Honor, which is pretty surprising to me.
Unfortunate that since the death of Huawei, no Chinese OEM has been able to challenge Samsung and Apple in premium segment.
Xiaomi is still clinging on to market share due to cheap lineups. Same goes for realme and Honor
The reason for China's export success is that internally it is consolidating the supply chain and is applying the economy of scale on high tech products.
Externally inflation is pushing up producer prices in the West and the stuff that they produce are becoming more expensive and it is continuing to climb. Their products are becoming unaffordable to more people around the world including in the West itself.
The developing world doesn't have any affinity or loyalty to either the West or China they just want the best deal for themselves in terms of products, technology and finance. And at this moment it is China that is offering them that.
Externally inflation is pushing up producer prices in the West and the stuff that they produce are becoming more expensive and it is continuing to climb. Their products are becoming unaffordable to more people around the world including in the West itself.
The developing world doesn't have any affinity or loyalty to either the West or China they just want the best deal for themselves in terms of products, technology and finance. And at this moment it is China that is offering them that.