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The difference is population, there are A LOT of Chinese that are in the rural areas still making very little. European wealth is generational. Land and homes
by georgeplusplus 3y ago
The difference is population, there are A LOT of Chinese that are in the rural areas still making very little.
European wealth is generational. Land and homes that have been in the family from infrastructure that has stood the test of time.
Chinese wealth is rather New money and it’s all paper thin based on construction that isn’t built to last. Look at Guangzhou they are already relocating their downtown. Before it was Baiyun then it became tianhe, now they’re focusing on making New Baiyun already in just 20 years.