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China’s Street Vendor Push Ignites a Debate: How Rich Is It?

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Street vendors exist all over the world even in rich countries like Europe and Canada, this is not a poor country thing.With proper regulations they can enrich the culture of cities.
And China has never says that it is a rich country, their statement is that they are still a developing country and should be treated as such.
https://www.globaltimes.cn/content/1173184.shtml
 
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Street vegetable vendor near my house has a big and decent house in her village. Some of my previous maids are taken from her village and know her life

They can even buy car and house; educated their children into University level.
 
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They can even buy car and house; educated their children into University level.

I have relative (I call him om/uncle) who is only a tailor (her wife doesnt work) but can give all of his 4 sons good education. 1 got engineering degree from University of Indonesia, the eldest get Unand Padang, another state university in West Sumatra. And the rest are also college degree level. The eldest got Doctorate degree and now become a lecture in Malaysian university.
 
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I don’t know how rich china is but I do know chinese migrants in Indonesia and Vietnam control At least 80 % of these two countries economy

@Beast

You need to bring fact for those. It is true though that Chinese Indonesian have many big business and with small population they have, it is a good achievement. But there are many big businesses as well who are own by native entrepreneurs. The composition IMO is 60:40 now as it was 70:30 in 1998. It is based on companies listed in stock exchange minus state owned and foreign companies and the number calculated from the total asset. The increase of Native businesses asset that I think is happening is due to most Chinese Indonesian banks are already collapse during Asian Financial Crisis and our banks are dominated by state owned banks now, there is one Chinese Indonesian bank (BCA) but the rest banks are already foreign ones.

I dont disregard Chinese Indonesian accomplishment in business and they are doing good for our nation, but we need to bring more just view over who control Indonesian economy.

Here is the fact:

1. Indonesian native conglomerate and big business are also quite significant

2. Indonesian state owned are very big and its revenue alone is 1/5 of Indonesian GDP. https://www.wsj.com/articles/indonesia-makes-play-for-infrastructure-investment-1425592554

3. Micro/Small/and medium size business in Indonesia contributes 60 % of the economy based on recent government data. Most of them are native. Native looks more content on their live and if they have business tend not to grow to big and build conglomeration. Islam and Javanese culture look like has relation with it IMO.

Here is what is written: In her speech Indrawati stated that Indonesia's micro, small and medium sized enterprises are the backbone of the Indonesian economy. These enterprises account for 99 percent of the total amount of enterprises that are operating in Indonesia and they create a total of 107.6 million jobs in Southeast Asia's largest economy. Moreover, Indonesia's micro, small and medium-sized companies contribute 60.6 percent to Indonesia's gross domestic product (GDP).

https://www.indonesia-investments.c...micro-small-medium-sized-enterprises/item7068

I will give an example. I have worked in 5 private companies before I make my own business and all of them are small and medium size company, none of them are Chinese Indonesian owned business, although I am not so sure with the last one since I only work for 1 month there. To be precise, the first one is a foreign own company, the second is owned by 3 native Indonesian (2 Javanese, 1 Sumatran), the third is own by Native Indonesian (Melayu ethnic), the fourth is Native Indonesian, the fifth is not sure.

I have 2 older brothers, 1 older sister, and 1 younger sister. My older brother work as a doctor (surgeon) and also my younger sister (cardiologist), and both of them work in the same government hospital since they are graduated from medical faculty.

Second older brother work as electronic engineer and from his long work history he never work in Chinese Indonesian companies, always in Multinational companies (Lucent/Erricson/Siemens, etc) and right now he is working in a small and medium size company which is a consultant company for telecommunication network, the owner is native Indonesian.

My older sister only have experience working in one company (small and medium size), law firm, and her boss is Chinese Indonesian. She is still working there.

Even if I continue the example, it ends up that the wife of my older brother is a business woman in property business, my younger sister husband is a civil servant.

4. Foreign and Multinational companies contribution are also huge. For comparison, our Foreign Direct Investment and Domestic Direct Investment number is pretty similar.

@Nike is working in multinational company for example, owned by American.
 
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Bullshit, much of Indonesian economy is under control of Indonesia government owned companies and many is private consortium are owned by internasional conglomerate.
Have you ever been to Indonesia? I guess not .

Do a bit of research on the subject before you open your big mouth . In The top ten richest person in Indonesia well nearly all of them are of chinese if they dont control 80% of that country economy who does .
 

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Have you ever been to Indonesia? I guess not .

Do a bit of research on the subject before you open your big mouth . In The top ten richest person in Indonesia well nearly all of them are of chinese if they dont control 80% of that country economy who does .

Okay lol
 
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Have you ever been to Indonesia? I guess not .

Do a bit of research on the subject before you open your big mouth . In The top ten richest person in Indonesia well nearly all of them are of chinese if they dont control 80% of that country economy who does .
When I was in SG,MY, I saw Cnese-ID workers got salary as low as native ID there, lower than VN workers.

Nothing special abt Cnese-ID.

@Beast

You need to bring fact for those. It is true though that Chinese Indonesian have many big business and with small population they have, it is a good achievement. But there are many big businesses as well who are own by native entrepreneurs. The composition IMO is 60:40 now as it was 70:30 in 1998. It is based on companies listed in stock exchange minus state owned and foreign companies and the number calculated from the total asset. The increase of Native businesses asset that I think is happening is due to most Chinese Indonesian banks are already collapse during Asian Financial Crisis and our banks are dominated by state owned banks now, there is one Chinese Indonesian bank (BCA) but the rest banks are already foreign ones.

I dont disregard Chinese Indonesian accomplishment in business and they are doing good for our nation, but we need to bring more just view over who control Indonesian economy.

Here is the fact:

1. Indonesian native conglomerate and big business are also quite significant

2. Indonesian state owned are very big and its revenue alone is 1/5 of Indonesian GDP. https://www.wsj.com/articles/indonesia-makes-play-for-infrastructure-investment-1425592554

3. Micro/Small/and medium size business in Indonesia contributes 60 % of the economy based on recent government data. Most of them are native. Native looks more content on their live and if they have business tend not to grow to big and build conglomeration. Islam and Javanese culture look like has relation with it IMO.

Here is what is written: In her speech Indrawati stated that Indonesia's micro, small and medium sized enterprises are the backbone of the Indonesian economy. These enterprises account for 99 percent of the total amount of enterprises that are operating in Indonesia and they create a total of 107.6 million jobs in Southeast Asia's largest economy. Moreover, Indonesia's micro, small and medium-sized companies contribute 60.6 percent to Indonesia's gross domestic product (GDP).

https://www.indonesia-investments.c...micro-small-medium-sized-enterprises/item7068

I will give an example. I have worked in 5 private companies before I make my own business and all of them are small and medium size company, none of them are Chinese Indonesian owned business, although I am not so sure with the last one since I only work for 1 month there. To be precise, the first one is a foreign own company, the second is owned by 3 native Indonesian (2 Javanese, 1 Sumatran), the third is own by Native Indonesian (Melayu ethnic), the fourth is Native Indonesian, the fifth is not sure.

I have 2 older brothers, 1 older sister, and 1 younger sister. My older brother work as a doctor (surgeon) and also my younger sister (cardiologist), and both of them work in the same government hospital since they are graduated from medical faculty.

Second older brother work as electronic engineer and from his long work history he never work in Chinese Indonesian companies, always in Multinational companies (Lucent/Erricson/Siemens, etc) and right now he is working in a small and medium size company which is a consultant company for telecommunication network, his boss is native Indonesian.

My older sister only have experience working in one company (small and medium size), law firm, and her boss is Chinese Indonesian. She is still working there.

Even if I continue the example, it ends up that the wife of my older brother is a business woman in property business, my younger sister husband is a civil servant.

4. Foreign and Multinational companies contribution are also huge. For comparison, our Foreign Direct Investment and Domestic Direct Investment number is pretty similar.

@Nike is working in multinational company for example, owned by American.
Not all Indonesia have good lives,right bro? Just like there r 600 millions poor-starving Cnese earning less than 140usd per month, plus 205 millions jobless Cnese.

Can I know how many Indonesia earning less than 135 usd/month ?
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The area’s low minimum wage of 1.9 million rupiah ($135.14) a month is another selling point, said Fauzie Nur, who believes the park can compete with Vietnam and Thailand, the region’s winners in attracting investors during the U.S-China trade war.
https://defence.pk/pdf/threads/indonesia-park-to-spearhead-bid-to-lure-china-supply-chains.670822/
 
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When I was in SG,MY, I saw Cnese-ID workers got salary as low as native ID there, lower than VN workers.

Nothing special abt Cnese-ID.


Not all Indonesia have good lives,right bro? Just like there r 600 millions poor-starving Cnese earning less than 140usd per month, plus 205 millions jobless Cnese.

Can I know how many Indonesia earning less than 135 usd/month ?
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The area’s low minimum wage of 1.9 million rupiah ($135.14) a month is another selling point, said Fauzie Nur, who believes the park can compete with Vietnam and Thailand, the region’s winners in attracting investors during the U.S-China trade war.
https://defence.pk/pdf/threads/indonesia-park-to-spearhead-bid-to-lure-china-supply-chains.670822/

You know, standard of living most of Indonesian in central Java is quite good, the cost of food is very low, land prices is low too, and most of them still can do saving their income
 
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Not all Indonesia have good lives,right bro? Just like there r 600 millions poor-starving Cnese earning less than 140usd per month, plus 205 millions jobless Cnese.

Can I know how many Indonesia earning less than 135 usd/month ?
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The area’s low minimum wage of 1.9 million rupiah ($135.14) a month is another selling point, said Fauzie Nur, who believes the park can compete with Vietnam and Thailand, the region’s winners in attracting investors during the U.S-China trade war.
https://defence.pk/pdf/threads/indonesia-park-to-spearhead-bid-to-lure-china-supply-chains.670822/

I dont know for sure, but Indonesian minimum wage is differ per region. And one of the reason they pick that region as industrial park is because that low minimum wage. The highest is in Jakarta and then its satellite cities and then West Java where most industries are located.
 
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NYC has a black market where people rent out their vendor licences/permits. Easy money.
Street vendors are everywhere,it's not a problem if it could maintain the certain designated standard,from hygiene to outlook .A permit system is necessary to be initiated which will keep the quality of the vendors in check.
 
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I dont know for sure, but Indonesian minimum wage is differ per region. And one of the reason they pick that region as industrial park is because that low minimum wage. The highest is in Jakarta and then its satellite cities and then West Java where most industries are located.
You know, standard of living most of Indonesian in central Java is quite good, the cost of food is very low, land prices is low too, and most of them still can do saving their income
In VN, the lowest minimum wage is abt 132 usd for mountainous/ far rural area. The workers there are mainly local ppl, so they dont have to lay for rental, they also have food subsidy from the Govt.

Abt 4% Vnese earning less than 50 usd per month and they got free food so they still can survive even during the pademic.

IMO, we dont have to pretend to look "Rich" like Cnese here trying to brag. They wanna make us believe that CN is "rich and strong", so we will be scared of them in the disputed zone. Thats why they cant stop bragging how "rich" they r when actually, they are jobless or just dishwashers in some cheap CN restos
 
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Some notes on the 1000 cny (141usd) thing:
The 1000 cny (141usd) is the per capita monthly dispensable income for these low income group, which makes it 4000 cny or 560 usd for a household of 4. And rembmer, that is dispensable income, which means tax, pension savings, etc, are all excluded. And a lot of them are old folks living in the countryside with their own house, feed stocks and grow crops, and living expenses are minimal or negligible.
There is a wealth gap for sure, as the national average is 30000 cny or 4235 usd per year per capita, which makes 120,000 cny or ~17,000 USD for a house hold of 4 on average, which means there are a lot of high income household (much higher than the average) and remember GDP per capita does NOT equal to income per capita. This again, is the dispensable income. This agrees with our average salary for a work force of 2 per household:
https://tradingeconomics.com/country-list/wages
 
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