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          China Daily Website

          Microblog insights--June 25

          Updated: 2012-06-25 13:20
          ( China Daily)

          Microblog insights--June 25

          Topic 1: According to The Rise of Asian Americans, a study released on June 19 by the Pew Research Center, Asians are the fastest-growing, most-educated and highest-earning population in the US. Between 1980 and 2010, the number of Asians quadrupled to 18 million and, compared with the proportion of 30 percent for all Americans, half of Asians have a college degree. Asians' median annual household income is $66,000 in comparison with $49,000 for Americans as a whole, according to the official micro blog of The Wall Street Journal's Chinese version.

          CHENXIFEIYANG: Indian Americans' average income is higher than that of Chinese American and is the highest among Asian Americans.

          LIUNIANSISHUI: The Asians who are able to emigrate to the United States are those with higher capabilities and qualities.

          SILVERYTHORNSLAE: Currently, among those Chinese Americans, many are relatives of Chinese officials and, usually, they would take a great amount of money there, lifting the income average of Asian Americans.

          STUPIDKAI: I think the reasons why Asian immigrants could gain a foothold in the Western world are as follows. First, they are hardworking and intelligent. Second, they are able to endure hard work without complaint and they have placed a great value on education.

          SHUIXIAQUAN: It is a brain drain for China but legal pillage for the US.

          ZHUBANXIAN: I remember once seeing a funny statement saying for Asian immigrants A-minus means fail.

          VIOLETZHANG: Asian Americans are the most-educated population. What about the Jews?

          Microblog insights--June 25

          Topic 2: In a research report about consumers' outlook on the economic situation, which was released by China's central bank - the People's Bank of China - and based on questions to depositors in the second quarter, nearly 70 percent of citizens think property prices are too high and unacceptable. The proportion is higher than that for the first three months. Only 15.7 percent of respondents said they plan to purchase a home in the third quarter. Regarding people's expectations of commodity prices in the next quarter, 35.6 percent of them think they will go up, while 43.8 percent of them think they will remain unchanged. The confidence index of people's expectations of future income reached 53.2 percent, down 1.7 percent from the last quarter. It is the lowest level since 1999.

          GAOXIATANGZHUREN: Why not try easing the limit on house purchasing?

          LISHIFENGALICE: After the most tough property regulations in the country's history, the situation seems to remain the same. People still cannot afford the high property prices with their low incomes. Moreover, the price of housing in my city has never dropped. I am pessimistic about the prospects.

          TMAC-KG: Just 70 percent of people consider the housing price too high and unacceptable? I think the actual number is decidedly more than 90 percent.

          LUXIN-SCIENCEPROPERTY: The pessimistic expectations over income will lead to weak consumer demand. That will bring about an economic slowdown. Then the government will adopt stimulus packages to boost growth.

          AQUARIUS_JANE: The Chinese people's expectations about future income are quite pessimistic rather than pessimistic.

          XINGFUYIBEIZILJS: Even primary school students know how to do the mathematics. If a person's monthly salary is 3,000 yuan, he or she can deposit 1,000 yuan in the bank a month and use 2,000 yuan for expenses. That will create 12,000 yuan in savings in a year. People who do this will be able to purchase a house within 50 years but only if they never go to hospital and don't have to pay for a child's education during the 50 years.

          All the information is from Sina Weibo

           
           
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