Chinese dreams for 2007
Updated: 2007-01-02 13:55
He makes 5,000 yuan (640 U.S. dollars) a month as an IT engineer, but that's only half the average price for a square meter of housing in downtown Shanghai.
When Liu finished college study in 2002, he had vowed to buy an apartment in three years at most so that his parents would leave their countryside home in central Hubei Province and live with him.
"They spent up their savings to finance my education through college while other villagers had moved into bigger houses," said Liu. "I just hope houses in Shanghai would be more affordable for home buyers like me."
A recent survey made by the Shanghai government shows 33 percent of the new settlers in the city think they'd need at least10 years of hard work to buy an apartment, 32 percent said they would need six to 10 years and 20 percent said five years.
"If the Chinese government's macro control policy could drive down the house prices in big cities, I might make enough for the down payment of a two-bedroom apartment in a year or two," said Liuas he moonlighted as a gaming software programmer on the New Year's Day.
Sun Lijuan's family in north China's Shanxi Province has been in debt since her daughter came down with pancreatitis last summer. The operation cost nearly 200,000 yuan (25,640 U.S. dollars).
"If I had been sick like that I doubt if I would have readily paid the bills," said Sun, a laid-off worker from a state-owned firm in the provincial capital of Taiyuan.
Sun received a government-sponsored vocational training program toward the end of the year and is having her fingers crossed that she might find a new job this year.
She might not know the gloomy job market is set to disappoint tens of thousands of new graduates in 2007, let alone laid-off workers.
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