Sunday, March 8, 2009

How to boost China's domestic consumption ?

Very easy, according to a clip in SCMP today:
quote
" Rich people should spend more on private planes and yachts to boost domestic consumption, the Southern Metropolis Daily quoted CPPCC deputy chairman Li Jinhua as saying. Mr. Li, former National Audit Office administrator, said there were two effective ways to expand consumption: increasing the income of people in the low and medium-earning bracket, and encouraging rich people to spend. He said it was important the wealthy expanded their consumption."
unquote
It is most likely NOT to believe that any of the greedy & thrifty chinese company owners will increase the income of their staff - it will be rather the other way around - or just fire the staff.
About buying private planes & yachts ? Very good idea ! So how will this boost the domestic consumption ? Or was this just a joke ?
Most likely it seems some of the "important advisers" in the mainland government still do not know what extreme problems the chinese (normal) people will have to face because of the world wide slow - down.
Cheers...and lets hope some guys will buy some private planes...........

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