Chapter 10 Appendix Calculations for Shanghai

When Hu Yanzhao, the deputy mayor of Shanghai, attended the CPPCC meeting on January 27, 2010, he revealed that his annual income was 150,000 yuan. According to the current per capita annual income, it would take 20 people to support him.At the same time, he said that the cost of living in Shanghai is already very high (Xinmin.com).And the young writer Han Han, who receives 2 million yuan in royalties every year, also said that with his own financial resources and the cost of consumption in Shanghai, he can only buy a house in a remote area worth 1 million yuan ("Youth Daily"). No one would classify these two people as ordinary citizens, but they also lamented how expensive Shanghai is.After all, how expensive is Shanghai?Let us compare a lot and speak with numbers.

1. General situation: How much will your life cost? (Unit: ten thousand yuan) According to a 2005 survey conducted by the Shanghai Wedding Industry Association, the average cost of marriage for Shanghai couples is 160,000 yuan.Wedding expenses include taking wedding photos, buying jewelry, setting up banquets, hiring wedding companies, etc. The wedding room and wedding car are not included. (Yangtze Evening News, July 17, 2005) If the wedding room necessary for marriage is included, the cost of marrying a wife in major cities is not low, and Shanghai is the most expensive: Shanghai 1.4 million yuan, Beijing 1.06 million yuan, Suzhou 850,000 yuan, Hangzhou 1.15 million yuan, Wuhan 450,000 yuan and 700,000 yuan in Nanjing. (China Youth Online, January 25, 2008)

Some netizens took a Shanghai wife with above-average qualifications (college degree or above, good looks, stable job) as an example, and roughly calculated the various costs, as follows: (1) A set of houses, with an average price of 10,000 yuan, 10,000×100=1 million. (2) Decoration, based on medium decoration, 100 square meters, 150,000 yuan. (3) Household appliances and furniture, totaling 100,000. (4) Cars, based on ordinary scooter, 100,000 yuan.There are also some reasonable Hangzhou girls who agree to use electric cars as a substitute, which costs 1,500 yuan. (6) For honeymoon, Hong Kong, Macau, Singapore, Malaysia, Thailand, Yunnan, and Hainan are the main travel destinations. The average cost per person is 6,000, which means 6,000×2=12,000.

(7) During the period from picking up girls to deciding to get married, including going out to eat, buying gifts, entertainment, traveling, giving holiday gifts to girlfriend’s parents, etc., the average monthly standard is 1,800 yuan, and it’s 2 years, 1800×12×2= 43,200. To sum up, the total cost of each item is 100+15+10+10-0.5+1.2+4.32=1.4002 million. Zhou Libo said, "The rise and fall of housing prices has nothing to do with ordinary people. Shanghai Tangchen Yipin sold 100,000 square meters a few years ago, but no one bought it. This year it has increased to 160,000 square meters and sold several sets. Think about it—— 160,000 in half and 81,000 square meters, would you buy it? You still can’t afford it, and if you put a fracture price on top of 80,000, 40,000 square meters, you still can’t afford it. I don’t want such a house if I give it to me , because they cannot afford the property management fee." ("Hui News")

Facts also prove that state regulation has failed to hold down the bull head of Shanghai's housing prices.The latest data shows that in the past 20 weeks since the start of this round of regulation, the average weekly transaction price of commercial housing in Shanghai has reached an average of 22,261 yuan per square meter, which has almost set a new peak in Shanghai's housing prices. ("21st Century Business Herald", September 2, 2010) Moreover, since late March 2010, the housing prices of some real estate properties in Shanghai have increased by more than 150% within a year.Take Fei Leng Cui Garden, a pure single-family villa developed by Vanke, as an example. In March 2009, the average transaction price of this real estate was 31,529 yuan/square meter. By March 2010, the transaction price reached 81,576 yuan/square meter. (Shanghai Securities News, April 7, 2010)

Therefore, in the "marriage list" issued by the above-mentioned netizen, the cost of 1 million yuan for the wedding room, according to the current housing prices in Shanghai, is probably only enough for a down payment. "If you buy a 3 million house in Shanghai, you won't be able to find a good place. Mobile greetings from other provinces may come to patronize you. The down payment is 1.5 million, 1 million is paid by yourself, and the remaining 500,000 is to ask your parents. , Borrowing from friends, even friends can’t do it anymore. There are still 1.5 million bank loans. Even if the interest rate is 30% off, you have to pay back 7,298.53 yuan to the bank every month. In 30 years, you have to pay back a total of 2,627,470.80 yuan in bank interest. 2.62 million Too much! Is the bank your father?" ("Hui News")

When it comes to the major event of childbirth, in general, if no special treatment is required, there is not much difference between Shanghai and other first-tier cities in China, such as Beijing.But in the special needs outpatient clinic of Shanghai No. 1 Maternal and Infant Health Hospital, the average cost of giving birth to a child is about 10,000 yuan. This is the so-called "luxury special needs treatment". The Meihua Obstetrics and Gynecology Department located in the Huashan Hospital affiliated to Fudan University in Shanghai quoted a price of 25,000 yuan for a normal delivery and 45,000 yuan for a cesarean section. High, but because it is targeting high-income groups, the hospital is not worried about the lack of customers. ("Liberation Daily", December 20, 2004)

Bing Xin wrote a novel titled "Divided", which tells the story of two newborns in the hospital's baby room, because their parents' economic status is different, and there are already class differences from the moment they are born naked.And this scenario is repeated in real life. In November 2003, while formulating the new "Shanghai Municipal Population and Family Planning Regulations", the Shanghai Municipal Population and Family Planning Commission conducted a survey on the fertility willingness of young people aged 18-30 in Shanghai (20,649 valid samples). It shows that the average number of children planned by the respondents is 1.1, 4.48% are barren, 81.47% have one child, 13.70% have two children, and 0.35% have multiple children.For those who choose to have one child, 55.5% are most worried about the high cost of child rearing, followed by career development, financial burden and child employment.

The concerns of young people in Shanghai coincide with the research findings of scholar Xu Anqi.Xu Anqi analyzed in the article "Children's Economic Costs: Structural Changes and Optimization in the Transition Period": From the perspective of direct economic costs, the total cost of raising children aged 0 to 16 is about 250,000 yuan.If it is estimated that the family expenditure for the children to go to colleges and universities is as high as 490,000 yuan.This does not include 50,000 to 60,000 yuan in income such as social gifts, free schools, and New Year's money.This is the analysis made by Xu Anqi based on the survey results in Xuhui District, Shanghai. 59.3% of the respondents have an annual income between 12,000 and 60,000 yuan.Although the sensational figure of 490,000 is not universal across the country because of differences in economics and income levels, the impact of child-rearing costs on the family economy can still be felt.If a resident family in Xuhui District of Shanghai has another child, it means paying another 490,000 yuan. ("New Weekly", July 23, 2009)

The cost of traveling in Shanghai is too high. Tu Haiming, member of the Chinese People's Political Consultative Conference, made a calculation: The Shanghai subway starts at 3 yuan, the maximum fare can reach 10 yuan, and the bus fare is 2 yuan; The fare expenditure is as high as more than 500 yuan. In 2009, the average monthly salary of workers in Shanghai was 3,566 yuan, and travel costs accounted for 14% of their income.Feng Maolun, secretary-general of the Shanghai Municipal Party Committee, said that it is unreasonable for bus fares to consume more than 5% of income. ("Oriental Morning Post")

In contrast, the uniform fare for the entire journey of the Beijing Subway is 2 yuan, and the fare for the bus line is the lowest in the country.This is an unimaginable "discount" for Shanghai residents. Shanghai's taxi prices have also been raised twice. Starting from October 11, 2009, Shanghai taxi fares have been raised in an all-round way. The minimum rental fee for small passenger cars in urban areas (i.e., the "starting price") has been adjusted from 11 yuan to 12 yuan, and the unit price of the excess mileage has been adjusted from 2.10 yuan per kilometer to 2.40 yuan.According to estimates, after the price adjustment, Shanghai taxis will raise their prices by an average of about 10% per trip. (Xinhuanet) In the second quarter of 2010, Shanghai citizens spent the most on "restaurants", with a per capita consumption of 72 yuan, ranking first among all major cities in the country.Shenzhen follows closely behind with a per capita catering consumption of 66 yuan; Beijing residents have a per capita consumption of 64 yuan in restaurants, ranking third.The cost of dining out is relatively cheap for citizens in Hangzhou and Guangzhou, with per capita food and beverage consumption of 58 yuan and 52 yuan respectively. Nanjing is the city with the lowest food and beverage consumption in the second quarter, with a per capita food and beverage consumption of 48 yuan. ("Wen Wei Po" July 18, 2010) It's not that Shanghai is particularly delicious, but that a meal in Shanghai is really expensive.The Shanghai University of Traditional Chinese Medicine conducted a continuous follow-up survey on the lifestyles of nearly 30,000 white-collar workers in the CBD of Shanghai's main business district, and released the "Report on the Lifestyle Survey of White-Collars in East China".According to the survey, white-collar workers in a business district in the west of Shanghai spend an average of 26.8 yuan on lunch.At this price, you can only buy a simple set meal or box lunch. (Dongfang.com, September 23, 2009) Shanghai has a reality that must be faced directly: the support ratio of 1.5 to 1.That is to say, every 3 working Shanghainese need to support 2 retired people, while the national average is 3.2 people supporting 1 person.This seemingly small difference in data puts unprecedented pressure on Shanghai. (Southern Net, April 1, 2009) Someone once calculated that if calculated with 3% inflation, if you spend 1,000 yuan a month after retirement at the age of 60, and your life expectancy is 80 years old, then you will need to spend 580,000 yuan; It is 1.16 million yuan.In other words, there is no one million yuan, so there is no need to talk about pensions! On February 7, 2010, Shanghai officially announced a plan to increase pensions for retirees. The average pension for retirees will be increased by about 170 yuan, and the monthly basic pension after the increase may reach a maximum of 2,030 yuan.But compared with the high consumption in Shanghai, it is only enough to eat and wear, and we have to pray that we will not get seriously ill, otherwise the money in the medical insurance card may not even be able to pay the hospitalization fee. Sun Anmin, a member of the Shanghai Municipal People's Political Consultative Conference, said that his teacher, a senior expert who has made great contributions to the local area, had to take a 1 yuan non-air-conditioned bus when he went out to see a doctor because of his meager pension. The retirement benefits of "don't worry about scarcity but inequality" also exist in Shanghai. ("Southern Weekend", February 2, 2008)