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Yogthos

@temochka 90% of families in China own their home giving China one of the highest home ownership rates in the world.

What’s more is that 80% of these homes are owned outright, without mortgages or any other leans.

Real wage (i.e. the wage adjusted for the prices you pay) has gone up 4x in the past 25 years, more than any other country. This is staggering considering it’s the most populous country on the planet.

forbes.com/sites/wadeshepard/2

youtube.com/watch?v=Cw8SvK0E5d

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Yogthos

@temochka finally, people in China also enjoy very the kind of social mobility people in countries like US can only dream of nytimes.com/interactive/2018/1

Given all that, seems to me that authority in China is held by the working class.

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