Upload & Sell: On
Charlie Shugart wrote:
Mucho thankso, Alan.
Yet another fine image of the way it really is in China now: 95% the way it was 25 years ago.
Well, it's about the same for the only important thing in a country: the common people.
They still ain't got nothing (sic).
And I can barely imagine what inflation is doing to them.
Any thoughts to share on that? You've been there a whole lot more recently than I have.
Oh, your unusual perspective of this scene is fascinating.
I tend to photograph the original China however there is still considerable growth and investment in China. The inflation is around 4% -5%, however salary growth (minimum wage) grows between 10% and 15% per year. 5 years ago the minimum wage was approximately 700 RMB per month ($112) it is now double that is some areas.
There are now 1,020,000 millionaires in China–a national record–and 63,500 “super-rich” Chinese, an increase of 6.3% over the previous year. Beijing is home to the highest number of wealthy individuals, with 179,000 millionaires and 10,500 super-rich (worth $16 million or more).