visit us at https://blog.laowaicareer.comtweet us @laowaicareer

6 Ways How The Chinese Took Over The World

They’re the second largest economy in the

World. Click here to find out how..

In the Chinese culture, saving money is just as important as saving face. The Chinese have such a profound saving culture than they

Western counterparts. Most of the Chinese appear to be born with the saving culture

since children are encouraged from their early ages to put their pocket money in their piggy

banks.

Being frugal is a virtue

Frugality never started with as a communist propaganda but a concept that has been taught for thousands of years. Dao De Jing, the classic Chinese text states that the three greatest treasures one can ever have are generosity, love and frugality. Frugality

is quite an integral part of Chinese culture.

Save as much as possible!

According to a 2006 CNN article, the personal saving of Chinese household is 30% while their

American counterparts dipped into their savings. They Chinese have a significant saving

culture, and they save up to 50-60% of their income which is quite normal. They give the impression that they are always living for the

future.

Pay for things in cash

Credit cards are a fairly new thing in China and most people prefer to pay in cash. The Chinese people are wary of debt and they even pay for huge purchases

such as houses in cash. The issue of mortgage in China is just trying to pick up.

Bargaining is a must

In China, haggling is the way of life. You always have to ask for at least 50% off the asked price. The Chinese

people haggle till it hurts and that behavior earned the cheapskate stereotype.

Your salary is not a secret

Discussing one’s salary isn’t prying into somebody’s personal space or even show off but a way of knowing one another. The conversation turns out to be of great

help since you might get more advice on how to secure more, invest or save.

Cash gifts are perfect

The Chinese people love money and giving them cash gift is a savior since they will just have more to save. Unlike the Westerners, who consider cashing a less common or less appreciated gift, the Chinese love cash gifts even with the Red envelopes being the

standard gifts in China.

BonusClick on the link below to read the full blog post.

https://blog.laowaicareer.com/law-abiding-chinese-internships

/

LaowaiCareer.comblog.LaowaiCareer.com

• Search Jobs• Register as a Job seeker.• Subscribe to our Newsletter, Job offers and Blo

gs• Read our blog