Saturday, August 2, 2008

Kids in China Having 6 Incomes - No Kidding (China Part 2)

Taken in Stone Forest, Yunnan, China in 1995

Never before the kids in China are having it so good. They enjoy living off 6 incomes. Why do I say so?

Thirty years ago, Deng XiaoPeng introduced the one-child policy in 1979 millions of children were born sibling-less. Now the product (kids) of this policy is already of child-bearing age. In fact many have their kids already.

These 2nd generation kids of the one-child policy are the ones that are lapping it up.

They have the income/pension/savings of their:

1. Parents

2. Maternal grandparents

3. Paternal grandparents

This poses a hosts of opportunities and problems for the kids depending on how you look at it.

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