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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (48737)	2/24/1999 5:56:00 PM
From: BGR	Read Replies (1) \| Respond to of 132070

William/Mike, Your point about strong cultural propensity for high savings and low consumption is well taken. That is clearly a risk. But TV does wonders my friend (not that I appreciate the effect that it has). A brand new 4-bedroom condo in a decent location (note that there are space issues similar to, but not as severe as, Japan) and 2 new compact cars costs around 4 times an average dual-income Indian middle class family's yearly income after taxes. Not that different from the USA really. -BGR.

To: Mike M2 who wrote (48737)	2/24/1999 6:41:00 PM
From: RealMuLan	Read Replies (2) \| Respond to of 132070

Mike: you are welcome. I agree with you that "I don't see that income providing a middleclass lifestyle by US standards." Actually I was just talking about computers, which plays a much more important part in a culture which values education, than say big screen TV etc. As for the life style with a house and two cars, that is absolutely out of the question for the majority Chinese lived in the cities. There is simply no enough space for that. You have no idea about the pop. density in China's big cities, especially in Shanghai. I would say even if in European countries, most of middle-class people cannot afford a house as big and spacious as Americans here. Yes, I think the US will be disappointed if they really want to see a nation of ultimate consumption (like Americans) in China. Best.