Word: gongli
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Dates: during 2000-2009
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...Google and Yahoo! about their cooperation, representatives from both companies have said they have yet to be contacted. Google, Microsoft, Skype and Yahoo have all been under fire recently for complying with the Chinese government to filter out content pertaining to controversial subjects in the country such as Falun Gong and Chinese occupation of Tibet...
...Gong's increasing wariness of spending and investing comes with good reason. Throughout this past year, bad investments in ventures and funds have cost the couple a hefty 50,000 yuan (roughly $7,300) - or about one-third of their annual income - something inconceivable in the popular mind when the economic outlook was much rosier...
Nevertheless, the Gongs' living standards don't exactly fit into the Chinese definition of frugality. They live in a cozy two-bedroom apartment in downtown Dagang and drive to work every day in a Kia Cerato that, according to Gong, about 70% of the locals still deem a luxury. But they are not carrying a mortgage, which could have easily added another 2,000 yuan (almost $300) to their monthly expenditures. Gong's parents chipped in with their savings to help the young couple purchase the apartment...
Even so, the couple still largely limit their regular spending to necessities like food, clothing and gas, totaling about 4,000 yuan (about $580) a month. That amount takes up most of Gong's monthly salary. By keeping luxuries down and giving up vacation travel, the couple have managed to save up all of Wang's salary, which normally amounts to about 10,000 yuan ($1,460) a month. "I just like to stay in and watch movies when I'm off from work," says Gong, who describes himself as an indoor person. The farthest trip he's been...
Married for two years, the Gongs say they want to stay childless for another four years, partly because of their financial situation. Like so many other young Chinese couples find, having a baby brings additional financial burdens that they are afraid they can't afford. "It's just a possible item in our next five-year plan," says Gong. The next "five-year plan" includes a car and a better health-insurance package for his wife, as well as a new apartment in a nicer neighborhood where they can feel secure to walk their dog. But right now, everything...