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Chinese don't have any money !The prosperity of Chinese varies widely. Roughly 800 million Chinese live in rural areas and have a per capita annual net income of roughly $300. The remaining 500 million people who live in the cities have more three times that amount to $1,000. Average GDP per capita in coastal areas is about $2,200 and in Shanghai nearly $5,000. There has been an average growth rate of 9% over nearly 25 years.Only 4% of Chinese have household incomes of more than $20,000, but that represents over 50 million people, which is more than the entire population of England! Xie Qihua – President and Chairman of Shanghai Baosteel offers salaries as high as $48,000 to top executives. China has over 300,000 millionaires, and that number is increasing by around 12% a year. BEIJING , March 6 2005 (Xinhuanet) - Chinese Embassy London “The per capita disposable income of urban residents and the per capita net income of rural residents in China are expected to increase by about 6 percent and 5 percent respectively in real terms this year, according to a report on national economic and social development plan. The report described the fast growing national economy, further government measures to increase farm production and farmers' income, and continued improvements in enterprise performance and the government's social security and poverty alleviation work as factors that "will help increase urban and rural incomes." The report on the implementation of the 2004 plan for national economic and social development and on the 2005-draft plan for national economic and social development was submitted Saturday for approval to the ongoing session of the National People's Congress. There are also quite a few difficulties and uncertainties that could slow the rise in personal incomes, particularly rural incomes, says the report, without giving details. According to government statistics, the per capita disposable income of urban residents stood at 9,422 yuan (1,338 US dollars) and the net income of farmers per capita reached 2,936 yuan (355 US dollars), an annual increase of 7.7 percent and 6.8 percent, respectively, in real terms. The report also projects a 12.5 percent increase in retail sales of consumer goods for the whole country this year. Enditem" In the year 1700 China had living standards at least equal to Western Europe . China 's collapse began with the Opium War of 1840. In 1700 China Europe and India were the three largest centres of wealth and civilisation, and had been that way for two thousand years. There is a growing argument that after a brief aberration the world is returning to that situation! |
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