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> Well, any tier 2 city actually. Just came back from Hangzhou, the entire city is flooded with people in their early 20s. I think the speculation is mainly on
by dis-sys 8y ago
> Well, any tier 2 city actually.
Just came back from Hangzhou, the entire city is flooded with people in their early 20s. I think the speculation is mainly on those annual 10 million university graduates joining the workforces. Farmers are not going to buy those apartments in tier-2 cities, their sons/daughters with university degrees sometimes at postgraduate level are the ones buying.
- seanmcdirmid 8y agoThere isn’t an infinite supply of those graduates. In fact, China is in for a serious demographic crunch over the next few years. Those kids are mostly from the cities anyways, rural education still has a long way to go (never met anyone at work in Beijing with a rural hukou, but maybe they just wouldn’t talk about that).
- whoevercares 8y agoHangzhou is tier-1, for sure.
- seanmcdirmid 8y agoEffectively ya, officially no. Zhejiang is rich in general.