Quote:
Originally Posted by bunnypanda
Thank you for correcting my English. Actually, I know the difference between capita and capital, and the problem of 'million' very well. It is just easy for me to make these stupid mistakes in message boards.
Three comments:
1. There are over 1.3 billion people in China now.
2. It is true that GDP cannot reflect the meaning of 'wealth'. How about saving in bank? I can give you some figures like, the total saving in Hong Kong banks is about HK $3000 Billion (around 0.5 million per person). The total saving in all the China banks is about HK$12500 Billion.
3. Generally speaking, I think you just underestimate the 'hidden' assets in Mainland China.
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Sorry about the perhaps over-zealous English corrections, it's hard to know what is simply what someone doesn't know and what is just a typo. I know people generally like their English to be corrected. I'm not being a smart-ass (or arse), you multilingual guys are way superior to me since your English is so much better than my <insert your native language here>.
Savings in bank gives me some kind of relative proportion I guess. Roughly 4x as much saving in mainland China than in HK, so it might be safe to assume roughly 4x (or maybe more due to higher proportion of non-bank assets) net wealth in mainland China than HK. I'm surprised total bank savings only works out to be HK$500k per capita, with all the overseas companies based here.
Also I knew there was >1.3b people in China. 800m seems to be the figure most quoted as Mandarin speakers so I was assuming the other 500m or so was non-Mandarin speaking mainland Chinese.