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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (9052)	8/7/1999 1:15:00 PM
From: Jim S	Respond to of 9980

Re: The PRC: May be the tax on bank deposits is just their version of taxing the "rich", a common political theme deployed here. Have to LOL! This is the act of a communist country; but, gee, where have I heard that phrase before...? jim

To: Ramsey Su who wrote (9052)	8/11/1999 5:01:00 PM
From: RealMuLan	Respond to of 9980

<<I remember was I was doing some business in GuangZhou area about 10 years ago, I was shocked to find the average individual savings account in the city was over US$3000. >> If you go there now, I bet a lot of people have a saving account of $30,000. I have four sisters and one brother in Beijing, and all of them bought their own apartment (2-3 bedroom) using cash, which cost bet. $8,000 to $10,000 US dollars. And they are among the less fortunate in the last 10 years. I am sure those people who work in a joint-venture company will be much richer. A lot of Chinese who are studying and working in Western countries, were considered very stingy and frugal when they went back to China for visit.