Elderly Care Issue Looms for China’s Only Child Population

“Elderly care is becoming a heavy burden for most only children in China. We used to be the happiest children in the world, but we will become the most painstaking adults when we are verging upon middle age and shouldering the responsibility to take care of our aging parents.” An Internet posting named “The burdensome …

Mixed Reactions to Buffett-Gates Dinner Invite by China's Tycoons

A simple invitation for dinner has turned into a debate on Sino-American relations, the meaning of charity and the ever growing gap between China’s rich and poor. Warren Buffett and Bill Gates, two of the United States’ richest men, are scheduled to visit China on the 29th of September. Already, Buffett and Gates have sent …

China Surpasses the USA in Luxury Consumption

China became the world’s second largest luxury market in the year 2009. By constituting 27.5% of the global luxury market share in 2009, China surpassed the United States for the first time in luxury consumption and was only second to Japan. Official statistics reported that that China enjoyed the world’s fastest growth rate of the …

Home Ownership Almost a Prerequisite for Marriage

China Ever-bright Bank (光大银行) and the Beijing-headquartered real-estate corporation Homelink (链家地产市场研究中心)jointly published an analytical report, indicating that the average age of people in Beijing who buy their first homes on a housing loan is 27. The average age has been gradually declining year by year, and is now much lower than that in most developed …

Sex Education in China

Beginning in fall of this year, high schools and universities in twenty-one of China’s provinces are undertaking a compulsory addition of “Three Vitals” concept to the syllabus. Entitled “The Truth about Life, Love and Sex”, the class is China’s version of sex education, with particular focus on chastity prior to marriage. The course’s textbook, “A …

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