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Mar
2013

Why are they different from those of a similar age living in the western hemisphere?

If we think about young people aged 25 to 35 in Europe or the USA, we will see them as saving for their own home, or paying rent or a mortgage any of which could consume a large proportion of their income. They will still spend money on entertaining and clothing, and they may earn relatively more than their Chinese equivalents, but their disposable income could be considerably smaller. Why? …..

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