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As a 90's in China, what Li said part is right but part is wrong.

I am not sure where Li's statistics came from, but it must be wrong. Since only about 30% graduates in 2013 get a job and more and more people, especially in Beijing find that it is too difficult to buy a house. Can you imaging that you have to pay 10 million RMB or about 2 million US dollar to buy an apartment about 100 square meters? For me, I have to say I can see little hope. But it is because of the competition. I believe there are so many talented people who can chase their dream, however, for most of us, we see desperation.

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  • Jul 13 2013: Maybe you have to pay RMB10 Million for a 100 sq meter apartment in central Beijing or Shanghai. The same is true in central New York, London, wherever
    But I live ( as a Western company director ) in a 50 sq meter apartment in central Hong Kong which is now worth RMB 5 Million, and I bought a 200 sq meter apartment in Wenzhou for much less than RMB2 Million.
    Mr Zhou - how old are you ?
    I am close to 65
    Start small, work hard, invest sensibly and conservatively, and eventually you will own your own home.

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