Currency Inflation in China
About the passed 2010, how do you feel most, what's your deepest feeling? I think the currency inflation would be one of the top topics. Everything is getting expensive, not only the house, and people can harly beart it.
When we talk about the currency inflation, granny Tang's story would make an deep impression on us. Granny Tang deposited 400 RMB in the bank 33 years ago and had forgotten it until recognized recently. When she decide to withdraw all her money, the bankers replied that the total amount she can get is 835.82 RMB, plus the interest. We can see the amount doubled in 33 years, but the purchasing power suffered a terrible loss.
Some netizens make some calculations, we can have a look. 33 years ago, 400 RMB could be paid for more than 200 kilos of pork, or 2000 kilos of rice, or 50 bottles of Moutai, but now, with the interest, the total amount of money can be paid for about 25 kilos of pork, or 200 kilos of rice, or only one bottle of Moutai. Another netizen point out that, Granny Tang could buy a house in local area with 400 RMB 33 years ago, but now with the same amount of money and the interest, she can buy only a piece of floor tile.
Since the prices of goods in China are riding on a skyrocket, some netizens make an adaptation from a popular sony 中国话 to express their feelings, it's Chinese Prices.
<embed src="http://player.youku.com/player.php/sid/XMjMyODEwMDAw/v.swf" quality="high" width="480" height="400" align="middle" allowScriptAccess="sameDomain" type="application/x-shockwave-flash"></embed>
http://v.youku.com/v_show/id_XMjMyODEwMDAw.html
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Currency Inflation in China
About the passed 2010, how do you feel most, what's your deepest feeling? I think the currency inflation would be one of the top topics. Everything is getting expensive, only for the house,When we talk about the currency inflation, granny Tang's story would make an deep impression on us. Granny Tang deposited 400 RMB in the bank 33 years ago and had forgotten it until recognized recently. When she decided to withdraw all her money, the bankers replied that the total amount she could get is 835.82 RMB, including the interest. We can see the amount doubled in 33 years, but the purchasing power suffered a terrible loss.
Some netizens made some calculations, which we can have a look at. 33 years ago, 400 RMB could be paid for more than 200 kilos of pork, or 2000 kilos of rice, or 50 bottles of Moutai, but now, with the interest, the total amount of money can be paid for about 25 kilos of pork, or 200 kilos of rice, or only one bottle of Moutai. Another netizen pointed out that, Granny Tang could buy a house in local area with 400 RMB 33 years ago, but now with the same amount of money and the interest, she could buy only a piece of floor tile.
Since the prices of goods in China are
<embed src="http://player.youku.com/player.php/sid/XMjMyODEwMDAw/v.swf" quality="high" width="480" height="400" align="middle" allowScriptAccess="sameDomain" type="application/x-shockwave-flash"></embed>
http://v.youku.com/v_show/id_XMjMyODEwMDAw.html
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