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Big China Little Maffra my journey from selling furniture to teaching in China |
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November 08, 2004money
One of my biggest worries was would we make enough money when teaching in China to be able to support ourselves when only earning about 700 Aus a month. the following is a list of prices for things in China.
The current exchange rate (March 2004) for the Australian Dollar (AUD) to the Reminbi (RMB) is $1.00AUD – 6.00RMB. Clothes and shoes are extremely cheap. As China is primarily a market - based economy, items such as gold, silver, diamond, jade Chinese artifacts etc are extremely cheap. The opportunity to bargain is there also.( It is a generally accepted rule of thumb that when buying clothes and shoes to begin bargaining at 66% off the marked price. On most items a discount of 50% is acceptable to the customer and the merchant alike.) Comments
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