SI
SI
discoversearch

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


To: RealMuLan who wrote (5365)8/16/2005 12:22:05 AM
From: hui zhou  Read Replies (1) | Respond to of 6370
 
>Furthermore, 60% of those 25 times of increase in wage goes to corrupted officials/businessmen, which counts for <1% of labor force, 20% goes the middle class skilled labor in cities, which count anywhere between 20%-30% of the labor force. The rest of 20% goes to 70%-80% of the majority of the labor force! So the majority either have their wage at a stand still (taking into account of the much much higher price they have to pay for the health care, housing, and the education of their children), or virtually declined.

I appreciate your analysis. I read an article about small coal miner companies' owners can afford Hummer, Bentley, Rolls-Royce at the cost of hundreds death of the miners for unsafe working condition.

Just read an article that China Southern Airline VP was arrested for transferring the money to a personal account. This kind of procedure for stealing the public fund to private account ought to be stop.

When reform started, we have an excuse that it is in a trial period and of course economic crime in some area can't be avoided. Now the reform is "maturing" while the degree of nonstop corruption becomes more serious. How can you explain that? May be it is a time for CPC to start a new political movement. Or, CPC is betraying the public interest.