r/ProfessorFinance • u/budy31 Quality Contributor • 21h ago

Interesting Why Chinese folk always worry about not having enough money?

/gallery/1hmu8hi
6 Upvotes

75% Upvoted

8 comments sorted by

7

u/SluttyCosmonaut Quality Contributor 21h ago

One of the key moments of everybody’s life in a communist country, even one that embraced some capitalist reform, is that if you’re not IN the party. You’re boned.

1

u/E-Scooter-CWIS 11h ago

Even the word “people” in China’s context means someone who holds a party position at least at the city level and above.

5

u/BassOtter001 Quality Contributor 19h ago

Thailand and Philippines at 28%

Dunno about Chinese, but people in those countries often underreport their income to avoid or minimize taxes, so these wage figures could be higher than what official stats tell us.

1

u/budy31 Quality Contributor 18h ago

It’s wages not a profit which can be gamed.

3

u/E-Scooter-CWIS 11h ago

Thx for sharing my post

2

u/rainorshinedogs 17h ago edited 17h ago

Centuries of an average very very poor or unbalanced citizens will do that.

It's pretty much un Asian to not be a cheap bastard

1

u/ComfortableAny4142 18h ago

Culture! Don’t ask why.