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> what is considered a luxury good is pretty strange Considering a tasty Western meal in Beijing was about 100 RMB, a nice Chinese meal about 50-75 RMB per per
by prewett 3y ago
> what is considered a luxury good is pretty strange
Considering a tasty Western meal in Beijing was about 100 RMB, a nice Chinese meal about 50-75 RMB per person, and Peking duck at a fancy place was 250 RMB, I’d say a pair of jeans for 600 RMB is fairly luxury. Especially since Levi’s in the US only cost 1-2 normal meals. (This was about 2012, not sure how inflation has been) But then, I’d also say that a $100 pair of jeans is also luxury in the US. (And a poor deal if they’re already fashionably pre-shredded)