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Sign up with Google Sign up with FacebookQ: What's the most ridiculous price on an object you've ever seen in China?
I was in a bakery the other day getting my doughnut fix when I saw a cake for 1 million RMB. No joke. It was multi-layered and well protected with glass but I don't believe I've ever felt the need for a Mr. Bean moment as I did that day.
The real estate advertisements reading that several million Yuan for a small apartment in Beijing. Who the hell would live here if he has that much. However there are still so many crazy buyers!
an 888RMB gift basket for CNY containing good for less than half that.
In Nanning we have a genuine Louis Vuitton shop one my my wife's friends showed us the 10,000 RMB BELT her husband had bought her!
Just to add insult to injury this same friend has had the same boyfriend (in addition to her husband) for at least the last 3 years.
Hugh.G.Rection:
real, pukker genuine they even come with a certificate of authenticity, and you can go online and check the store's accreditation, (or so I've been told I have no interest in LV personally, I don't like the design).
MissA:
Och, I couldn't tell you if I like LV or not. These limbs have never been near the real thing. Every time I get the budget to buy something, I somehow end up investing in a plane ticket instead....
Hulk:
LOL, MissA. Investing in a plane ticket instead? That's what I did too...
3000RMB for a small piece of fungus....
stan118:
if your referring to truffles, they can cost way more than that anywhere else
The real estate advertisements reading that several million Yuan for a small apartment in Beijing. Who the hell would live here if he has that much. However there are still so many crazy buyers!
200,000 RMB in exchange for 2 human lives...
Redaria:
That's expensive. They must have been very special humans. I hear the regular buying rate is only several wan.
A street vendor trying to sell me an authentic "ROELX" for 20,000 RMB.
There's a small, trendy shop near my school that sells Zippo lighters with awful graphics on them for 4000-5000RMB.
I must say I have seen a few.
1.- There is a store that sells watches and have a men's watch for 1.5 million yuan, with a leather band. Wonder if it is real leather........
2.- Locally, you can buy a new apartment from 5.5K to 6.5K yuan per square meter, depending on location and floor. There is one apartment for sale at a 12 years old building and a bidding war has developed. The apartment is a two floor, 178 sq meters, and the highest bid so far stands at 9,000 yuan per sq meter. Oh, and on top of that, winner of bidding will have to pay 20% of selling price as tax. Crazy !.
3.- Recently, at a local shopping center they had three British cars (Jaguars) for sale. Cheaper one was at 2.25 million yuan, and the top model listed at 3 million yuan. What got me is that the 2.25 million model has a window price of $ 116,898 US dollars in USA, according to the Jag website in America. At current exchange rates, the 2.25 million yuan equals around 362,318 US dollars.
Hugh.G.Rection:
Import duties on cars is around 100%. When we were planning to come to China I owned an E200 Mercedes less than 3 years old, I was quoted £30,000 tax to privately import it. Heck it didn't cost me that much new!
I bought some materials about accounting for 0.1 RMB from taobao last week,surprise!
A piece of jade that sold for around half a million Yuan at a regular department store. Sorry, but if I spend that much money somewhere, I want VIP treatment, champagne, luxurious packaging etc. I just don't get who goes to a department store to buy 0.5 million piece of jade.
I did a double-take the first time I saw that a pair of basic levi's jeans cost over 1000 RMB.
Relt:
That's kinda normal....ish.
A pair of Levi's cost around 80-120 euros in Europe... It's not a shock that they cost roughly the equivalent in RMB.
I found a place in Haidian that sells only large rocks that naturally but vaguely look like some animal and one that looked like a pouncing tiger had a price tag of 1.5 million yuan. It was not jade but just some oridnary rock about 2 meters by 1 meter in size.
Ladies handbag Rmb225K (maybe made of crocodile skin or something like that).
Luxury cars...
They are double or more than double than in Western countries....
I looked at the Porsche website... exact same car... same website just one was for U.S. and one for China... Chinese one was double the price of the U.S. one but it was the same car... ridiculous.
Shining_brow:
China has a HUGE import tax on such luxuries, which isn't that unusual.. It's what Trump is saying he's going to do to Chinese imports.
IIRC, I think I got about a hundred years' worth of National Geographic magazines for 12RMB (digital, of course).
1 million+ RMB for a small concrete box, I think it was called an "apartment".
340,000 RMB for a car that would cost you onlt like 100,000 RMB in England. Was a Ford car, dunno which model.
Funny you mention the million kuai cake because I saw that in Changchun and was probably the most ridiculously overpriced item I've seen in China. Basically anything imported or luxury will be outrageously expensive. What China lacks is solid decent quality low priced items. In the US you can get a solid polo shirt for 20-30 bucks. In China you can get a crap one for 75 kuai or pay 1000 for a brand name.
The stones they find in the desert in Xinjiang. The stalls are all over the place. People just go walking out in the wilderness picking up stones, which they then polish up and sell for crazy prices...even into the millions. And they're just stones. But they call them jade.
icnif77:
In Anshan, Liaoning, there's big jade hill in DT, turned into museum or jade retail place. They cordoned the hill and build shack on one side.
They save loads on transportation cost.