Comments by "Bob" (@bobs_toys) on "BEC Finance"
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In 2014, about 30 percent of newborns were second or third children. The crude birth rate was 13.83 per thousand (we can't exactly use births per woman, now, can we?)
Last year, a bit over 50 percent of newborns were second or third children and there were 6.39 births per thousand (official data) So in less than a decade we've had the number of births go to less than half of what it was and the number of deciding they can become parents drop by two thirds.
In less than a decade.
And the decline continues. Last year alone, in order to maintain the 2:1 worker to dependent ratio (down from 3:1 in 2011) the PRC needed an additional 30 million workers.
And the next decade is looking much worse.
This is coupled with a median income of about 4k USD.
PPP multipler is about 2x.
So the median Chinese person has a spending power of about 2/3 the US poverty line. And yes. know things are cheaper. That's why used the PPP modifier. To take that into account.
That's why 5 percent simply isn't good enough. They lost the race to grow rich before they grew old.
If you invested 1k into the CSI 300 back in mid 2009, you'd have about 1.1 k now. If you did the same with the S&P500, you'd have about 6k.
If you made this investment five years ago, you'd have 1050 today. Vs 1,930.
A year ago, it would have been 1090. That's after this sugar hit.
Vs about 1300.
And things continue to slide.
And slide.
And slide.
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In 2014, about 30 percent of newborns were second or third children. The crude birth rate was 13.83 per thousand (we can't exactly use births per woman, now, can we?)
Last year, a bit over 50 percent of newborns were second or third children and there were 6.39 births per thousand (official data) So in less than a decade we've had the number of births go to less than half of what it was and the number of deciding they can become parents drop by two thirds.
In less than a decade.
And the decline continues. Last year alone, in order to maintain the 2:1 worker to dependent ratio (down from 3:1 in 2011) the PRC needed an additional 30 million workers.
And the next decade is looking much worse.
This is coupled with a median income of about 4k USD.
PPP multipler is about 2x.
So the median Chinese person has a spending power of about 2/3 the US poverty line. And yes. know things are cheaper. That's why used the PPP modifier. To take that into account.
That's why 5 percent simply isn't good enough. They lost the race to grow rich before they grew old.
If you invested 1k into the CSI 300 back in mid 2009, you'd have about 1.1 k now. If you did the same with the S&P500, you'd have about 6k.
If you made this investment five years ago, you'd have 1050 today. Vs 1,930.
A year ago, it would have been 1090. That's after this sugar hit.
Vs about 1300.
And things continue to slide.
And slide.
And slide.
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