Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (225208)	3/4/2003 11:48:18 AM
From: RealMuLan	Read Replies (1) \| Respond to of 436258

Joan, >>Templeton or Mark Faber that noted the Chinese are saving 24% of their income. << Part of the reason is because the tax is very low in China, the housing is cheap, and there are a lot of opportunities to earn cash (without being taxed at all). So they have more disposable income. I read yesterday, some college students in NanJing consume (their parents' money) like crazy, and can afford off-campus 2-bedroom apartment, high-end notebook, eating out in restaurant 3 meals/day. And for a lot of people, they save to buy apartment and car because they do not like to borrow. So they save for consuming.