thebruce (UK)
China has many hurdles still to cross; corruption, business efficiency, labour laws and wages. Most folk in the big cities now cannot afford to buy apartments and consumables are sky rocketing in price. They purchase big time overseas as they get stung for the same items at home (shoes, bags) The reality is that 300 million have some disposable income while the remaining 1,000 million live hand to mouth at the moment. It's all about numbers, not efficiency or real wealth creation.
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Chinese migrant workers labor at the construction site of a residential property project in Nantong city, east Chinas Jiangsu province, July 31, 2014. |
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