Tons of reasons honestly, sky rocking property price - I'm not talking about Oz style free standing houses, I'm talking about 30 level 40 level shoes boxes - even that will cost a young Chinese life-long prepayment. Then, education, it is linked directly to property as well - sh1t location means sh1t school, either means you pay top dollar for good schools or you pay an arm and a leg for tutorial since 4 years old (I'm not even kidding), and you know how Chinese is crazy about their children education. Furthermore, the HUGE deficit in pension, China doesn't have the equivalent of our superannuation, which belongs to you all the time you just can't access it till retirement. they don't have that. Their pension system entirely rely on young people pay "pension" to the gov, and the gov use it towards the current pensioner. So imagine if the population of young people paying pension is less than the population receiving pension - and that is what happening in China right now. Last and not least, the work life balance in China - there basically isn't any. Young ppl work their arse off to support mortgage, elderly, toddler, by working 996, which means 9am to 9pm, 6 days a week. How crazy someone can raise even a single kid in this daily routine?
BUB Price at posting:
37.5¢ Sentiment: None Disclosure: Not Held
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