What is the difference between Chinese socialism and Western capitalism?

[Viva_Viet]

China Is Likely First Country to Reach 96% Urban Home Ownership, PBOC Says

(Yicai Global) April 27 -- China may be the first country in the world to have reached a 96 percent urban home ownership rate, according to the central bank.

In an article the People’s Bank of China published in its China Finance journal today it also noted that the bulk of assets held by urban families is physical.

Home ownership in developed countries is mostly around the 60 percent level, according to data from Trading Economics. In the US, the figure was 65.1 percent at the end of last year, US Department of Commerce statistics show. The PBOC report puts China’s home ownership 28.5 percentage points ahead of the US.

The reports also said Chinese urban households prefer risk-free financial assets, with homes making up nearly 70 percent and financial assets 20.4 percent.

The average wealth of urban households is CNY3.18 million (USD449,200), with a median value of CNY1.63 million, per the report. The difference between the two is about CNY1.55 million, indicating an uneven distribution of household assets.

China Is Likely First Country to Reach 96% Urban Home Ownership, PBOC Says

www.yicaiglobal.com

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Young people working in big cities tend to buy homes in smaller inland cities.

The link doesn't explain how 600 millions poor Cnese earning less than 140 usd per month can buy houses, my friends.

 

[TaiShang]

The link doesn't explain how 600 millions poor Cnese earning less than 140 usd per month can buy houses, my friends.

Social state.

 

[xuxu1457]

These are just two national systems, and different countries may suit different systems.
No system is perfect, and this is why some people just say: For the West, democracy is a system that the least bad system.

One person, one vote will not make the country stronger, nor will it make the economy better
For the Chinese people, there was still a little yearning, but after seeing Taiwan's "one person, one vote" in 20 years, we are very disappointment.
Taiwanese wages have not changed for 20 years.
The purpose of every political party is not to develop the country, but to win the general election, and they are all cheating.

 

[TaiShang]

These are just two national systems, and different countries may suit different systems.
No system is perfect, and this is why some people just say: For the West, democracy is a system that the least bad system.

One person, one vote will not make the country stronger, nor will it make the economy better
For the Chinese people, there was still a little yearning, but after seeing Taiwan's "one person, one vote" in 20 years, we are very disappointment.
Taiwanese wages have not changed for 20 years.
The purpose of every political party is not to develop the country, but to win the general election, and they are all cheating.

Housing in big cities is terrible here. Not as bad as in HK, but still very tragic for many regular working people with no parental support.

 

[Viva_Viet]

Social state.

Okay, but CN will still get stuck in middle income trap for good bcs u can't sell 5G, AI cameras while CN car suck .

CN future still too dark compared to the West even when they r suffering Covid now bcs they can sell car, chips ,luxury clothes etc to CN while CN can't sell even a single AI camera to EU-US.

 

[TaiShang]

Okay, but CN will still get stuck in middle income trap for good bcs u can't sell 5G, AI cameras while CN car suck .

CN future still too dark compared to the West even when they r suffering Covid now bcs they can sell car, chips ,luxury clothes etc to CN while CN can't sell even a single AI camera to EU-US.

When necessary, CN can sanction and stop those imports. Case: Australia.

But, at the moment, the system works to China's favor. It gets record surplus, record FDI, 8+ GDP growth next year, a good position in 5G and EV sectors, etc.

Currently, what is urgent for domestic brands is to dominate home market and expand into developing markets.

The future of global economy is in those places. China-Vietnam trade already reached 1/3 of CN-US trade. China-ASEAN trade is two times larger.

Think big, my friend.

 

[Viva_Viet]

When necessary, CN can sanction and stop those imports. Case: Australia.

But, at the moment, the system works to China's favor. It gets record surplus, record FDI, 8+ GDP growth next year, a good position in 5G and EV sectors, etc.

Currently, what is urgent for domestic brands is to dominate home market and expand into developing markets.

The future of global economy is in those places. China-Vietnam trade already reached 1/3 of CN-US trade. China-ASEAN trade is two times larger.

Think big, my friend.

Australia don't sell chips, cars,phones like EU- Samsung, that's why she's in trouble now. But what happens when CN don't use Samsung phones?? Nothing big, Samsung is still rich.

So, CN sanctions doesn't work in cars, phones, chips.Thats why the West keep blocking Huawei 5G, Hikvision while they know CN can't make trouble for their cars,phones, chips.

 

[Mista]

Taiwanese wages have not changed for 20 years.

That's not uncommon among mature economies. Only Singapore and a handful of European countries had meaningful real wage growth in the past decade, but that's also partially because we were starting from a lower economic base with greater room for growth.

 

[CatSultan]

Learn how to respect, do your Allah teach you?

did winnie the pooh teach you how to suck his cock

 

[TaiShang]

That's not uncommon among mature economies. Only Singapore and a handful of European countries had meaningful real wage growth in the past decade, but that's also partially because we were starting from a lower economic base with greater room for growth.

View attachment 700144

But, in Taiwan region, prices continue to increase. For instance, previous generation could buy home through their labor. But, current one cannot. Wages remain stagnant while inflation takes away purchasing power slowly.

 

[Norwegian]

But, in Taiwan region, prices continue to increase. For instance, previous generation could buy home through their labor. But, current one cannot. Wages remain stagnant while inflation takes away purchasing power slowly.

There is no real economy. It's just all paper real estate

 

[Mista]

But, in Taiwan region, prices continue to increase. For instance, previous generation could buy home through their labor. But, current one cannot. Wages remain stagnant while inflation takes away purchasing power slowly.

Well, many youths in big cities around the world can't afford a home too, and that's because of excessive monetary policy which stokes inflation in the real estate market. IMO real estate prices should be included in CPI basket as well to better reflect cost of living.

Singaporean youths are lucky to have access to public housing and decent-paying jobs.

 

[Place Of Space]

did winnie the pooh teach you how to suck his cock

This sounds like a Muslim? You make your Allah disgraced.

 

[Viva_Viet]

But, in Taiwan region, prices continue to increase. For instance, previous generation could buy home through their labor. But, current one cannot. Wages remain stagnant while inflation takes away purchasing power slowly.

At least TW still can sell chips while 600 millions Cnese still earning less than 140 usd per month plus thousands textile workers making caps,shoes for Ivanka trump only earn 62 usd per week bcs CN can't sell 5G.