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Chinese economics


View By bike to Singapore on HoYing's travel map.

I heard on CCTV international, China's foreign channel, that last year the farmers in China saw an increase of their salaries of 6% up to 4000 RMB (400 Euro) GDP/head.

Great achievement!...., but did the Chinese economy as a whole not grow close to 10%? So did his fellow men in the city get an increase of 10% on their 12000 RMB salary that same year? That 10% is almost 1/3 of the peasant salary....

The gap is still widening.

These numbers ran through my head while cycling through the Southern industrialised region. You see construction sites all around, and almost totally new cities arising, EVERYWHERE! In between, in the country side, I saw a farmer "walking his buffalo" barefoot in shaby clothes while a Mercedes was blowing his horne to indicate that he must give way. For a fellow like him, China's economic miracle of the last 20 years can be summarised with: bigger roads, more and expensive cars..... passing by....

HY

Posted by HoYing 04:57 Archived in China

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