ALL >> Investing---Finance >> View Article
Why The Price Level Is Higher Than Abroad

In this article i will talk about an interesting problem, a problem relate to everyone's life. It is called bubble economy. You can see nowadays our society is full of bubble economy, such as real estate bubble, stock market bubble, garlic bubble and so on.
In china, the ticket price of recent movie is eighty yuan in Beijin. But in America, slap-up cinemas' ticket price of the same movie is fifty-four yuan converted into RMB. Actually, many people in Hongkong are surprised at the ticket price inland because the most expensive ticket price in Hongkong is just fifty HKD. Have you noticed that the price about eating and using is similar with western countries, but about somethings that not belong to popular consumer goods, china's price is far higher than other countries'. Take toll charge for example, calls from America to china is 0.1 yuan per minute, but calls from china to America 8 yuan per minute.
China's ratio of house price to income is three to six times higher than developed country. In some first-tier cities, like Beijing, have the same housing price as Tokyo while per capita income is less than ...
... one-tenth of Tokyo.
Price of commodities has become the focus common people concern. So what lead to this problem?
Some chinese people like to wear famous brand. Armani's suit sold in china is about thirty thousand yuan. But it's just fifteen thousand yuan converted into RMB while sold in America. What about laptop? It is commonly to buy a laptop of about six thousand yuan in china while about three thousand yuan converted into RMB in America.
The example i took is just a small part of china's economy. There are endless examples i can list. But what people concern more is the reasons of these phenomenon. In my opinion, these all because china did not and do not want to store fund in common people.
Ttdafa is a lazy girl who always shopping online. She recently found a good website that sold discount ed hardy. Have you ever experienced shopping online? Come and join her.
Add Comment
Investing / Finance Articles
1. India Vix: The Fear Gauge That Traders Rely OnAuthor: Chandan Sharma
2. Mortgage Loans In Hyderabad: Beyond Homes, Building Long-term Assets
Author: anilsinhaanni
3. A Complete Guide To Commercial Funding: Types, Pros & Cons
Author: Express Loan Services
4. How Commercial Property Loan Options Are Opening New Doors For You
Author: Truhome Finance
5. Stock Market Mentor
Author: Stock Market Mentor
6. Msme Statistics And Economic Impact In The Philippines
Author: MSME
7. How To Find The Best Equity Release Interest Rates: A Comprehensive Guide
Author: Financeadvisors
8. How Housing Finance Solutions Are Becoming Simpler Day By Day
Author: Truhome Finance
9. Bridging Loans Finance Lenders: The Bottom Line
Author: Bull Venture Capital
10. Why Low Interest Personal Loans In Hyderabad Are Perfect For Young Earners
Author: anilsinhaanni
11. Professional Ipo Advisory Services In India – Guiding Businesses From Private To Public
Author: Indiaipo.in
12. Comparing Different Online Pay Methods: Upi, Wallets, And Cards
Author: Saloni Mehta
13. 7 Common Myths About Term Insurance That Need Debunking
Author: Saloni Mehta
14. How Perth Settlement Services Support First-home Buyers And Investors
Author: Amelia Brown
15. Key Factors To Consider Before Choosing A Financial Advisor
Author: sonihegde