Monday, March 23, 2009

Cold Burger

OK, so the press don't seem to tire of giving us more stories about the economy, or lack of one.

According to this article, things are so bad that some people in China are trying to live on a little as 100RMB a week, which we are told is equivalent to £10 a week. This is probably slightly misleading, because the RMB to GBP exchange rate tells us nothing about the cost of living in China where on the one hand you could spend 2RMB (20p) on a large bowl of wonton noodles in a local suburban noodle shop, or 35RMB (£3.50) on a cup of Latte from Starbucks.

It's rather telling of spending habits in China that, according to the article, people have downgrade their quality of life from buying Louis Vuitton bags, to switching off the heating and going straight to bed with an electric blanket.

So nothing too extreme then.....

And obviously "luxury food items" such as McDonalds and KFC Chicken are now also off the gourmet menus. I'm surprised people have not decided to look in bins for half-eaten buns or half-finished cups of coffee. If it was from Starbucks it could be exchanged for 4 bowls of Wonton....

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