Posted on Jul 16, 2018
In times of trade war, who will buy Chinese goods? The Chinese
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International Trade
Economy
Economics
China
Posted >1 y ago
Responses: 2
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The Yuan is at 6.69 on the dollar.
The cost of living in China is supposed to be around 43% lower than in the US as of this month. That doesn't include the figures for rent.
A gallon of milk there on average is 47.71 Yuan which equates to $7.13 per gallon. A combo mean at McDonalds is 25 to 40 Yuan. A Volkswagon Golf's average price is 146,500 Yuan = $21,886.81 at current exchange rates.
Their rent ranges from 1650 to 6300 Yuan ($246.51 to $941.21) for a 1 bedroom apartment in a city. A 3 bedroom in a city can go up to 15,000 Yuan ($2240.97).
From what little I'm seeing the minimum monthly wage there is averaged at about 2420 Yuan ($361.54). I wouldn't be drinking much milk...
Either they'd have to manipulate the Yuan (didn't go so well for Japan which is currently at $0.0089 USD per Yen) to allow their people to actually afford the products, or they'd have to regulate prices down to an affordable level.
Russia might be able to pick up some of the slack, they their people aren't exactly wealthy either.
The cost of living in China is supposed to be around 43% lower than in the US as of this month. That doesn't include the figures for rent.
A gallon of milk there on average is 47.71 Yuan which equates to $7.13 per gallon. A combo mean at McDonalds is 25 to 40 Yuan. A Volkswagon Golf's average price is 146,500 Yuan = $21,886.81 at current exchange rates.
Their rent ranges from 1650 to 6300 Yuan ($246.51 to $941.21) for a 1 bedroom apartment in a city. A 3 bedroom in a city can go up to 15,000 Yuan ($2240.97).
From what little I'm seeing the minimum monthly wage there is averaged at about 2420 Yuan ($361.54). I wouldn't be drinking much milk...
Either they'd have to manipulate the Yuan (didn't go so well for Japan which is currently at $0.0089 USD per Yen) to allow their people to actually afford the products, or they'd have to regulate prices down to an affordable level.
Russia might be able to pick up some of the slack, they their people aren't exactly wealthy either.
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Sgt Wayne Wood
The Yen is roughly 113 to the dollar. When i was in Japan many moons ago it was 320 ¥ to the $
Either the dollar is dropping or the yen is increasing.
Now... apples to apples... how much is rent in San Francisco or Silicon Valley?
Mickie D’s and VW are both imports.
Most Asians don’t do milk after adolescence... genetic adnormality similar to lactose intolerance. That’s why there’s so much powdered milk or substitutes.
Beef is not a staple in asia either... who eats the tractor or family car? It is too much of an investment.
Poultry, pork, fish... faster growing & quicker turnaround
Either the dollar is dropping or the yen is increasing.
Now... apples to apples... how much is rent in San Francisco or Silicon Valley?
Mickie D’s and VW are both imports.
Most Asians don’t do milk after adolescence... genetic adnormality similar to lactose intolerance. That’s why there’s so much powdered milk or substitutes.
Beef is not a staple in asia either... who eats the tractor or family car? It is too much of an investment.
Poultry, pork, fish... faster growing & quicker turnaround
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Barry Davidson
I saw thousands of entries into the cost of living in China. I was just throwing in a few that most people can relate to.
20+ years ago when I was working in a pork processing plant the Japanese paid over $300 a pound for tenderloin. There was a catch though. They had to be perfect. If they noticed even one that wasn't to their standards they'd refuse the whole shipment, or would demand a much, much lower price.
There is a lot of land in China which is why it always surprised me at how much food they import. However, with 1.4 billion mouths to feed it probably shouldn't be.
If any of that I've read over the years is correct their 1% make ours look insufficiently motivated. That's the tipping point I think. Their various ministers and functionaries like their power. They'd need to ease up on that a bit, and I'm not sure they will.
20+ years ago when I was working in a pork processing plant the Japanese paid over $300 a pound for tenderloin. There was a catch though. They had to be perfect. If they noticed even one that wasn't to their standards they'd refuse the whole shipment, or would demand a much, much lower price.
There is a lot of land in China which is why it always surprised me at how much food they import. However, with 1.4 billion mouths to feed it probably shouldn't be.
If any of that I've read over the years is correct their 1% make ours look insufficiently motivated. That's the tipping point I think. Their various ministers and functionaries like their power. They'd need to ease up on that a bit, and I'm not sure they will.
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