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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (5335)	8/14/2005 3:02:39 PM
From: RealMuLan	Read Replies (2) \| Respond to of 6370

Cold hard fact, ordinary Chinese workers are NOT benefited from the biggest "economical miracle"--The percent of wage in GDP, China, 1978-2003 Year GDP (Bil. Yuan) Wage (Bil. Yuan) % of Wage in GDP % Change 1978 362.41 56.89 15.7 -0.38 1979 403.82 64.67 16.0 0.32 1980 451.78 77.24 17.1 1.08 1981 486.24 82.00 16.9 -0.23 1982 529.47 88.20 16.7 -0.21 1983 593.45 93.46 15.7 -0.91 1984 717.10 113.34 15.8 0.05 1985 896.44 138.30 15.4 -0.38 1986 1020.22 165.97 16.3 0.84 1987 1196.25 188.11 15.7 -0.54 1988 1492.83 231.62 15.5 -0.21 1989 1690.92 261.85 15.5 -0.03 1990 1854.79 295.11 15.9 1.79 1991 2161.78 332.39 15.4 -0.53 1992 2663.81 393.92 14.8 -0.5 1993 3463.44 491.62 14.2 -0.59 1994 4675.94 665.64 14.2 0.0 1995 5847.81 810.00 13.9 -0.3 1996 6859.38 908.00 13.2 -0.61 1997 7477.24 940.53 12.6 -0.66 1998 7955.28 929.65 11.7 0.89 1999 8191.09 987.55 12.1 0.37 2000 8825.40 1065.62 12.07 0.02 2001 9572.79 1183.09 12.35 0.28 2002 10393.53 1316.11 12.66 0.31 2003 11660.32 1474.35 12.64 -0.02 Plus, more and more workers have to pay much more for their health care, housing and children's education, that is why Chinese consumption is at an all time low!