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by seanmcdirmid
3975 days ago
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A hamburger at McDonalds often costs more than in the states. Many things are more expensive here. You want to drive a car? Ah, that will be $60k please. We spent 120 RMB on a bottle of shampoo and conditioner last week..I told my wife that is almost $20! |
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EDIT: Reply to below:
You're talking from your Beijing experience and I'm talking from my visiting relatives in Shunde experience...Maybe it'll be hard for us to agree. Rents, Food, Public Transport, Clothing, Education are all quite cheap compared to the U.S. and those goods are what enable people to carry out their day to day lives. Walmart made-in-china goods are naturally cheaper in China than in U.S. House prices, Car taxes, Luxury taxes are part of government policy in managing monetary policy and exchange rates with the U.S. and has as much relevance as the nominal GDP - not much when you're measuring the average person's income and the goods and services they can purchase. And remember, China's population is several times that of the U.S.