If thats Yuan yearly, yes, its crazy how cheap the housing is outside like city center of Beijing and Shanghai. If its Yen monthly, I mean you could rent a room in Nagoya for half that, or in Tokyo for most of it.

Yeah, and a lot of the 56% college grad rate is boomers who were educated before the fall and are now dying off. We will see it drop precipitously in the next 20 years or so, and the quality of the education of the newly graduated decline.

China currently churns out more college graduates than any other country, and the rate is increasing.

And they had a hell of a way to go given that it was less than 1% when they took over.

America is still slightly ahead of Russia there, due to the legacy of the USSR. Not that Russia’s billionaires aren’t doing their best to privatize education and keep it out of reach of the peasantry since the fall of communism.