China’s Economy Is Bouncing Back—And Gaining Ground on the U.S. Overtaking in 2028

[rent4country]

That's "dispoable income", US could be negative in this regard.


"The data from the National Bureau of Statistics (NBS) indicates that China's per capita disposable income was 30,733 yuan per year, or 2,561 yuan per month.Jun 3, 2020"

Chinese media seized upon Li's remarks, given that data from the National Bureau of Statistics (NBS) indicates that China's per capita disposable income was 30,733 yuan per year, or 2,561 yuan per month.

A report from The Beijing News indicates that Beijing and Shenzhen have the highest minimum wages in the country, at 2200 yuan per month, while Anhui was the lowest at 1180 yuan.

http://www.chinabankingnews.com/202...citizens-earn-monthly-incomes-of-just-usd140/

根据国家统计局住户抽样调查数据，2019年收入最低的20%家庭的年人均可支配收入为7380元，月人均可支配收入为615元；收入最低的40%家庭的年人均可支配收入为11579元，月人均可支配收入为965元。这表明我国确实有40%以上的人群，其平均月可支配收入在1000元左右。这也是我们社会中的低收入人群。

THAT IS NOT DISPOSABLE INCOME. That is a pure lie and spin by you guys, calling it disposable. The Premier said it was income, never used the word disposable and he ranks higher than some bank in china saying otherwise.

Further proof of it is seen in the example the Premier gave "600 million people whose monthly income is barely 1,000 yuan (USD 140), not enough to rent a room in the Chinese cities.

NOBODY uses their disposable income to pay rent! And the Premier using such an example to illustrate his point is further proof of you guys trying your best to spin real income as disposable income.

 

[beijingwalker]

THAT IS NOT DISPOSABLE INCOME. That is a pure lie and spin by you guys, calling it disposable. The Premier said it was income, never used the word disposable and he ranks higher than some bank in china saying otherwise.

Further proof of it is seen in the example the Premier gave "600 million people whose monthly income is barely 1,000 yuan (USD 140), not enough to rent a room in the Chinese cities.

NOBODY uses their disposable income to pay rent! And the Premier using such an example to illustrate his point is further proof of you guys trying your best to spin real income as disposable income.

"The data from the National Bureau of Statistics (NBS) indicates that China's per capita disposable income was 30,733 yuan per year, or 2,561 yuan per month.Jun 3, 2020"

Chinese media seized upon Li’s remarks, given that data from the National Bureau of Statistics (NBS) indicates that China’s per capita disposable income was 30,733 yuan per year, or 2,561 yuan per month.

A report from The Beijing News indicates that Beijing and Shenzhen have the highest minimum wages in the country, at 2200 yuan per month, while Anhui was the lowest at 1180 yuan.

http://www.chinabankingnews.com/202...citizens-earn-monthly-incomes-of-just-usd140/

根据国家统计局住户抽样调查数据，2019年收入最低的20%家庭的年人均可支配收入为7380元，月人均可支配收入为615元；收入最低的40%家庭的年人均可支配收入为11579元，月人均可支配收入为965元。这表明我国确实有40%以上的人群，其平均月可支配收入在1000元左右。这也是我们社会中的低收入人群。

 

[beijingwalker]

NOBODY uses their disposable income to pay rent!

Most Chinese own their own homes, unlike America, millions face being evicted.

32 percent Americans struggle to keep a roof over their heads

• Caresse Jackman
• Updated 5 hrs ago | Posted on Jul 16, 2020

SPRING HILL, TN (WSMV) - A study finds 32 percent of Americans including some in Tennessee did not make a full on-time housing payment in July.

"It’s devastating. The unknown. It’s so hard to deal with. All I can do is pray," Carla Loftin said.

Loftin said it has been a hectic and troublesome last few months for her.


“The Bishop from church did help me with bills this past week. Otherwise, the electricity would’ve been turned off,” Loftin said.

Loftin drives school buses for Williamson County, but the pandemic reduced her hours. Loftin is like thousands of others across Middle Tennessee, trying to keep her head up while the money in her wallet dwindles.

“I just need some help. Please, I can’t pay my rent!! I can’t pay my bills,” Loftin said. "I don’t have anything right now."

Not only is she financially strapped, Loftin said she is also taking care of her sick husband.

“I can’t get a job where I would be overly exposed to the COVID virus because it would not be good for him to get it at all,” Loftin said.

So many Americans are in Loftin’s situation. According to researchers at Apartment List, a retail marketplace, 32% of Americans did not make full on time housing payments in July, up slightly from 30% in June.

“Those situations are highly correlated with all of the other sort of negative economic situations that people find themselves in,” Rob Warnock, who is a research associate with Apartment List, said.

Warnock has been tracking these numbers for several months.

“A good number of the people that we survey said that as a direct result of the coronavirus, they experienced either just a layoff or a more nuisance, short reduction in their income,” Warnock said. "They’re working fewer hours, or they’ve been furloughed in some way."

Loftin said she’s going back to work in August and she misses working. She said she just wants to stay healthy and lift the heavy burden she’s feeling right now.

“It’s just a constant struggle and battle,” Loftin said. "And I don’t need much in life. I just need to be able to make due and it’s really really hard."

https://www.wsmv.com/news/32-percen...cle_68efd08a-c7a7-11ea-bb5a-cf7612a6a84e.html

 

[beijingwalker]

40 million Americans are at risk of eviction without a stimulus bill
By Vanessa Yurkevich, CNN Business

Updated 12:47 PM ET, Fri August 7, 2020

New York (CNN Business)Up to 40 million Americans could be evicted by the end of this year, according to a new report published Friday by the Aspen Institute.

The report warns that the United States may be facing the most severe housing crisis in history if conditions do not change, with up to 43% of renter households facing eviction this year.

"As the data demonstrates, the gravity of this situation cannot be overstressed," said Emily Benfer, law professor at Wake Forest University School of Law and a co-author of the report. "Unless the federal government invests in eviction prevention, we are not only risking widespread eviction and homelessness, we are guaranteeing negative health outcomes, greater unemployment, educational decline, and long-term harm for renters, property owners and communities."

People of color -- particularly Black and Latino Americans -- make up about 80% of those facing eviction. Last month, 26% of Black renters and 25% of Latino renters were unable to pay rent compared with 13% of white renters, according to US Census data analyzed by the Aspen Institute.

Renters in the southern part of the country face the highest risk of eviction, with the highest percentage in Louisiana (56%), and Mississippi (58%). Up to 48% of renters in Alabama are at risk of eviction, with 45% of renters in Connecticut, Florida and Georgia.

The federal protections on evictions expired on July 24, while 30 states are without state-level protections against eviction. At least $100 billion in emergency rental assistance, with the extension of enhanced unemployment benefits, would help stave off millions of evictions, according to the report.

https://www.cnn.com/2020/08/07/economy/eviction-stimulus/index.html

 

[Globenim]

THAT IS NOT DISPOSABLE INCOME. That is a pure lie and spin by you guys, calling it disposable. The Premier said it was income, never used the word disposable and he ranks higher than some bank in china saying otherwise.

Further proof of it is seen in the example the Premier gave "600 million people whose monthly income is barely 1,000 yuan (USD 140), not enough to rent a room in the Chinese cities.

NOBODY uses their disposable income to pay rent! And the Premier using such an example to illustrate his point is further proof of you guys trying your best to spin real income as disposable income.

Your fake quote and claims about it "never being said" to be disposeable income is a pure lie and spin.
It was in full context obviously disposeable income and has been explicitely clarified to be disposeable income and its rooms in medium Chinese cities which are on the high end of a huge pricing gap.

Extrapolated to Chinas population there would be 150-250 Million American people who couldn't afford that rent, taxes and social services and securities completely disregarded

 

[Han Patriot]

Your fake quote and claims about it "never being said" to be disposeable income is a pure lie and spin.
It was in full context obviously disposeable income and has been explicitely clarified to be disposeable income and its rooms in medium Chinese cities which are on the high end of a huge pricing gap.

Extrapolated to Chinas population there would be 150-250 Million American people who couldn't afford that rent, taxes and social services and securities completely disregarded

Going by disposable income, alot of Americans are living month to month in contrast to Chinese with lower personal debt. Chinese save and then consume, Americans borrow to consume. That's the big difference. That's why the virus have a bigger impact to US economy than Chinese economy. Our people can afford to have no income for a couple of months and bunker down in the village. The West can't.

 

[applesauce]

THAT IS NOT DISPOSABLE INCOME. That is a pure lie and spin by you guys, calling it disposable. The Premier said it was income, never used the word disposable and he ranks higher than some bank in china saying otherwise.

Further proof of it is seen in the example the Premier gave "600 million people whose monthly income is barely 1,000 yuan (USD 140), not enough to rent a room in the Chinese cities.

NOBODY uses their disposable income to pay rent! And the Premier using such an example to illustrate his point is further proof of you guys trying your best to spin real income as disposable income.

are you actually retarded or did you think people can't look up this very public statement and see it it says disposable income?

 

[rent4country]

are you actually retarded or did you think people can't look up this very public statement and see it it says disposable income?

Premier never says it is 'disposable' income, he says monthly income.

DIRECT QUOTE
"The average per-capita annual income in China is 30,000 yuan (USD 4,193), but there are over 600 million people whose monthly income is barely 1,000 yuan (USD 140), not enough to rent a room in the Chinese cities," Li said while addressing his annual press conference here.

 

[rent4country]

Your fake quote and claims about it "never being said" to be disposeable income is a pure lie and spin.
It was in full context obviously disposeable income and has been explicitely clarified to be disposeable income and its rooms in medium Chinese cities which are on the high end of a huge pricing gap.

Extrapolated to Chinas population there would be 150-250 Million American people who couldn't afford that rent, taxes and social services and securities completely disregarded

PREMIER never called it disposable income, furthermore, he said that income was not even enough to pay rent in cities. That shows he is talking about monthly income because nobody pays rent with disposable income.

You can show some other lowly institution saying otherwise. The Premier is one of the highest-ranked politburos. His word stands

 

[Leishangthem]

China has over 600 million poor with $140 monthly income: Premier Li Keqiang

"The average per-capita annual income in China is 30,000 yuan (USD 4,193), but there are over 600 million people whose monthly income is barely 1,000 yuan (USD 140), not enough to rent a room in the Chinese cities," Li said while addressing his annual press conference here.

China has over 600 million poor with $140 monthly income: Premier Li Keqiang - CNBC TV18

Business News: Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.

www.cnbctv18.com

Quoting debased Indian media?
The probaly don't even have any employee that can read chinese,nor cared about making proper research ;just a typical pathetic indian media writting whatever the fk they can to air their national butthurt regarding china.

The income he talked about is disposable income, not average salaries. Disposable income is the money left over after paying income tax, social insurance premiums and other essential fees. It reflects real individual and household livelihoods, and so is globally seen as one of the most important figures to judge a country’s development.
That's why he mentioned the figure to reinstate why China needs to be labeled as a developing country not developed.

For example ,average wage (gdp nominal) in Iceland is 66K $ but average disposable income is 33K $.

In democratic-capitalist countries income disparity ratio would be larger.

 

[Leishangthem]

PREMIER never called it disposable income, furthermore, he said that income was not even enough to pay rent in cities. That shows he is talking about monthly income because nobody pays rent with disposable income.

You can show some other lowly institution saying otherwise. The Premier is one of the highest-ranked politburos. His word stands

What are you even going on about/
600 million people out of a population of 1.4 billion people, had a per capita disposable income of an average of 957 yuan per month(74% of which are living in rural areas,where cost of living is much lower), according to the annual household income and expenditure survey conducted by National Bureau of Statistics (NBS).It's same ol data reiterated by li Keqiang ,sensationanlized by some hk ,taiwan,viet trolls and picked up by delirious Indians and so on.
In 2018, the per capita disposable monthly income of 866 yuan for the same group of people . Nothing new .



400 million underage and college students, 250 million elders over 60 years old in China,considering that,the 600m with 1000 yuan monthly salary is not bad;meanwhile people lives in cardbox cutouts in usa and sleep on open roads during winter in India.
Nice to pick on China but what's the figure for your India?

 

[rent4country]

What are you even going on about/
600 million people out of a population of 1.4 billion people, had a per capita disposable income of an average of 957 yuan per month(74% of which are living in rural areas,where cost of living is much lower), according to the annual household income and expenditure survey conducted by National Bureau of Statistics (NBS).It's same ol data reiterated by li Keqiang ,sensationanlized by some hk ,taiwan,viet trolls and picked up by delirious Indians and so on.
In 2018, the per capita disposable monthly income of 866 yuan for the same group of people . Nothing new .



400 million underage and college students, 250 million elders over 60 years old in China,considering that,the 600m with 1000 yuan monthly salary is not bad;meanwhile people lives in cardbox cutouts in usa and sleep on open roads during winter in India.
Nice to pick on China but what's the figure for your India?

Premier never says it is 'disposable' income, he says monthly income.
DIRECT QUOTE
"The average per-capita annual income in China is 30,000 yuan (USD 4,193), but there are over 600 million people whose monthly income is barely 1,000 yuan (USD 140), not enough to rent a room in the Chinese cities," Li said while addressing his annual press conference here.

 

[Mista]

Premier never says it is 'disposable' income, he says monthly income.
DIRECT QUOTE
"The average per-capita annual income in China is 30,000 yuan (USD 4,193), but there are over 600 million people whose monthly income is barely 1,000 yuan (USD 140), not enough to rent a room in the Chinese cities," Li said while addressing his annual press conference here.

Trump said that the coronavirus will disappear like a miracle too. So?

You're obtuse. You think the Chinese state media would dare to clarify what Li said if they are wrong? I can find you the numbers straight from the National Bureau of Statistics of China and you will still argue on stupid semantics basing on what Li said lmao. Continue your denial.

 

[Mista]

https://data.stats.gov.cn/english/easyquery.htm?cn=C01

 

[Mista]

PREMIER never called it disposable income, furthermore, he said that income was not even enough to pay rent in cities. That shows he is talking about monthly income because nobody pays rent with disposable income.

Hah. Do you even know the definition of disposable income? What about discretionary income?

Disposable income is the net income available to invest, save, or spend after deducting income taxes.
Disposable income is calculated by subtracting income taxes from income.
Discretionary income is what a household or individual has to invest, save, or spend after taxes and necessities are paid.
Examples of necessities include the cost of housing, food, clothing, utilities, and transportation.
Both disposable and discretionary income are similar, except disposable income does not account for necessities.

What Is Discretionary Income? How to Calculate, With Example

Discretionary income and disposable income help measure consumer spending. Discretionary income calculations are key factors in student loan repayment plans.

www.investopedia.com

Stop flaunting your ignorance by mixing up discretionary income with disposable income.