Global Network reporter Li Zongze reported as a "world factory" with its low price in China has been known around the world, but recently a well-known technology website has stated that the United States, China is no longer as in the past, "cheap" price even more than the United States.
American "business insider" website on December 23 beginning of the article points out that, before the price is very cheap in China. According to the World Bank data, in 2003 one U.S. dollar purchasing power in China is 5 times the United States. At that time, buy bag full of snacks, the rationale for a hair does not take much money. With the level of a U.S. hotel occupancy fee to $ 50 a night, while China just 90 yuan, equivalent to just $ 11. However, "now what the Chinese will easily tell you that prices have shrunk, things have become more and more expensive friends."
The website also said that although the price does not represent part of the overall situation, but much lower than the income of Chinese Americans. Against this background, China's spending in some areas is more than Americans. Thus, while the income of Chinese people on the surface in the past few decades has been greatly improved, but inflation was accompanied by reduced their quality of life.
