China minimum wage up by 21.7% despite economic cooling

wotsthat

ninky wrote: »

those problems have little to do with the fact they are autocratic regimes and everything to do with international interference due to oil / territorial interests.

china is not facing the same issues at all. manufacturing wages in particular have soared in china. 40 percent rise from 2002 to 2006 i believe and increases are continuing. this pre-dates the current economic / political climate.

Well if I was part of a communist government I'd have one eye on what's happening in the rest of the world. Look at the protests in Greece by people who have standards of living way ahead of the average Chinese.

ninky_2

wotsthat wrote: »

Well if I was part of a communist government I'd have one eye on what's happening in the rest of the world. Look at the protests in Greece by people who have standards of living way ahead of the average Chinese.

the protests are because standards are declining. it doesn't matter the relativity of your wealth if you are better off today than you were yesterday and can expect to be even better off tomorrow (as is the case for most chinese). the issue in greece is that people are worse off today than they were yesterday and can expect to be even worse off tomorrow (also the case for many people in this country).

china and its population (as an average) is probably in one of the best positions at the moment.

kabayiri

wotsthat wrote: »

Well if I was part of a communist government I'd have one eye on what's happening in the rest of the world. Look at the protests in Greece by people who have standards of living way ahead of the average Chinese.

The bigger risk the Chinese have concerns their savings schemes, when they realise a good chunk of it has been spurned on buying bonds in a profligate West.

kabayiri

FTBFun wrote: »

In trouble:

Thanks for that.

You rarely see Katie Price without the slap.

ninky_2

This article says it well.

"Twenty months of economic and political turmoil have American voters ready to reject Washington and anyone connected with it.........

What do all these countries have in common? They're free-market democracies in various stages of economic trouble.

Where do we go to find a popular government? How about China?
Three decades of double-digit economic growth can buy a government plenty of popular goodwill. There are tens of thousands of protests in China each year, but very few of those target the Chinese Communist Party directly. Many of them appeal to the party for help with local problems."

wotsthat

ninky wrote: »

Where do we go to find a popular government? How about China?
Three decades of double-digit economic growth can buy a government plenty of popular goodwill. There are tens of thousands of protests in China each year, but very few of those target the Chinese Communist Party directly. Many of them appeal to the party for help with local problems."

There aren't many protests against the Chinese Communist Party in communist China? You're kidding right?

FTBFun

ninky wrote: »

Where do we go to find a popular government? How about China?
Three decades of double-digit economic growth can buy a government plenty of popular goodwill. There are tens of thousands of protests in China each year, but very few of those target the Chinese Communist Party directly. Many of them appeal to the party for help with local problems."

Probably because this is what happens when you do that in China:

http://en.wikipedia.org/wiki/Tiananmen_Square_protests_of_1989

michaels

I think China does have a problem though which is the male /female imbalance which I think will be a very big deal and unfortunately I suspect the Chinese authorities way of dealing with it will be by playing the Nationalistic card, making sure there is a common 'enemy' rather than the population challenging internally (after all what is there to challenge apart from the Communist Party?) If I were Taiwanese I would be very worried and probably looking for rapprochement now on vaguely favourable terms rather than under the heel of an occupying army.

ninky wrote: »

those problems have little to do with the fact they are autocratic regimes and everything to do with international interference due to oil / territorial interests.

china is not facing the same issues at all. manufacturing wages in particular have soared in china. 40 percent rise from 2002 to 2006 i believe and increases are continuing. this pre-dates the current economic / political climate.

2sides2everystory

FTBFun wrote: »

Probably because this is what happens when you do that in China:

http://en.wikipedia.org/wiki/Tiananmen_Square_protests_of_1989

Don't be crass, FTBFun. In 1988 you could still be shot on sight for hopping over or around a precast concrete wall in the heart of Europe where important aspects of all our futures are being decided right now.

ninky_2

wotsthat wrote: »

There aren't many protests against the Chinese Communist Party in communist China? You're kidding right?

You are quoting the article not me. All countries see protests but you can generally get a reflection for the mood of most of the population by spending time in the country. The article suggests those who spend time in the country generally get an impression that there is not widespread anger against the regime.