Comments on: China To Raise Middle And Low Incomes http://sweetness-light.com/archive/china-to-raise-middle-and-low-incomes Mon, 13 Feb 2012 03:34:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: crosspatch http://sweetness-light.com/archive/china-to-raise-middle-and-low-incomes#comment-168133 crosspatch Thu, 10 Dec 2009 08:43:35 +0000 http://sweetness-light.com/archive/china-to-raise-middle-and-low-incomes#comment-168133 I talk to people in China every day as part of my work. Believe me, they are not happy with the taxes there. They are fully aware that electronic hardware that is made in China costs more to buy there than it does for me to buy it here. You can take a device that costs, say, $10,000 here and is made in China but it costs them US$30,000 to buy it there! They know that, and they complain about that. Chinese people are by and large frugal people who are responsible with their money. They shop around for prices. They see the prices for goods here. They are not happy campers. For example: <blockquote> A 32GB iPhone 3GS will ship at $1,024, courtesy of China Unicom, but without any kind of service plan. The Wall Street Journal reports that with a two year service plan the bund;e will cost $3,120, more than $500 more than a similar package in the USA. </blockquote> So if you want an iPhone in China, you pay $4,000 for it up front and can use it for two years. They don't do monthly payments there. You pay the whole plan up front. If the iPhone cost $1000 in the US, nobody would have one but they cost $1,000 in China. That is NOT CNY1,000, that is USD1,000 which is about CNY 6,800. And the bloody things are made in China to begin with for both markets! As more Chinese work their way up and accumulate wealth, they are not at all happy with the government redistribution of it. I talk to people in China every day as part of my work. Believe me, they are not happy with the taxes there. They are fully aware that electronic hardware that is made in China costs more to buy there than it does for me to buy it here. You can take a device that costs, say, $10,000 here and is made in China but it costs them US$30,000 to buy it there! They know that, and they complain about that. Chinese people are by and large frugal people who are responsible with their money. They shop around for prices. They see the prices for goods here. They are not happy campers.

For example:

A 32GB iPhone 3GS will ship at $1,024, courtesy of China Unicom, but without any kind of service plan.

The Wall Street Journal reports that with a two year service plan the bund;e will cost $3,120, more than $500 more than a similar package in the USA.

So if you want an iPhone in China, you pay $4,000 for it up front and can use it for two years. They don’t do monthly payments there. You pay the whole plan up front. If the iPhone cost $1000 in the US, nobody would have one but they cost $1,000 in China. That is NOT CNY1,000, that is USD1,000 which is about CNY 6,800. And the bloody things are made in China to begin with for both markets!

As more Chinese work their way up and accumulate wealth, they are not at all happy with the government redistribution of it.

]]> By: Jason Gillman http://sweetness-light.com/archive/china-to-raise-middle-and-low-incomes#comment-168120 Jason Gillman Thu, 10 Dec 2009 04:19:29 +0000 http://sweetness-light.com/archive/china-to-raise-middle-and-low-incomes#comment-168120 Dang.. and I was starting to respect those guys for their capitalist ways.. Dang.. and I was starting to respect those guys for their capitalist ways..

]]> By: locomotivebreath1901 http://sweetness-light.com/archive/china-to-raise-middle-and-low-incomes#comment-168116 locomotivebreath1901 Thu, 10 Dec 2009 02:02:23 +0000 http://sweetness-light.com/archive/china-to-raise-middle-and-low-incomes#comment-168116 A gub'mint big enough to give you everything you need is big enough to take away everything you have. But Obama's not like that, is he? . A gub’mint big enough to give you everything you need is big enough to take away everything you have.

But Obama’s not like that, is he?
.

]]> By: TwilightZoned http://sweetness-light.com/archive/china-to-raise-middle-and-low-incomes#comment-168104 TwilightZoned Wed, 09 Dec 2009 23:14:41 +0000 http://sweetness-light.com/archive/china-to-raise-middle-and-low-incomes#comment-168104 "He said the government will exert more efforts to well address problems that have close bearing on public interests and ensure that all public members share the fruits of the development and reform, so as to safeguard social harmony and stability. " Hmmm...Public interests. Yes, I'm pretty sure those words are not familiar to Congress or Barry. Share the fruits...Code for federal government officials lining their pockets so they can safeguard their elitist social harmony and stability. “He said the government will exert more efforts to well address problems that have close bearing on public interests and ensure that all public members share the fruits of the development and reform, so as to safeguard social harmony and stability. ”

Hmmm…Public interests. Yes, I’m pretty sure those words are not familiar to Congress or Barry.
Share the fruits…Code for federal government officials lining their pockets so they can safeguard their elitist social harmony and stability.

]]> By: proreason http://sweetness-light.com/archive/china-to-raise-middle-and-low-incomes#comment-168067 proreason Wed, 09 Dec 2009 16:12:02 +0000 http://sweetness-light.com/archive/china-to-raise-middle-and-low-incomes#comment-168067 "So why doesn’t Mr. Obama do this? " It can only be because we are a racist country and won't listen to the boy king. “So why doesn’t Mr. Obama do this? ”

It can only be because we are a racist country and won’t listen to the boy king.

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