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Devaluation of Chinese currency
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Laurence



Joined: 26 Apr 2005
Posts: 401

PostPosted: Wed Jan 27, 2016 12:25 am    Post subject: Reply with quote

LarssonCrew wrote:
I was offered a job in an int program that include 16 hours of work a week for 18k plus a house[all bills included]


How did it work out? Did you take the job?
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asiannationmc



Joined: 13 Aug 2014
Posts: 1342

PostPosted: Wed Jan 27, 2016 12:48 am    Post subject: Reply with quote

Quote:
Another thing is you have to be willing to put in the hours for that money. As in 30+ hours a week teaching. Factor in commute and prep and you'll soon see how that eats away at your time.


Most FT's think of a similarity in all teaching employment here however, it depends on the skill/subject taught and the institution the FT works under. also has to be factored in is exchange rate. Getting paid in BPs was a much better deal years ago. Future payments in dollars maybe a good bet, but work units that pay in conversion funds may tie the contract to a certain exchange rate and in that case exchange rate has little benefit or loss. The best bet (IMHO) is to work for a franchise agreement where the FT works directly for a foreign uni, and the Chinese Uni pays a set amount for the program offered on their campus. In two years the student has the possibility to graduate and move on to the overseas uni and gain a degree from that university. The problem for the student is that the first two years is not a degree in China and if they do not move on to the foreign uni, often they only get a cert. Which is pretty useless in the PRC.
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JB140767



Joined: 09 Aug 2015
Posts: 135

PostPosted: Wed Jan 27, 2016 10:51 am    Post subject: Reply with quote

The bear wrote:
CNexpatesl wrote:
It's a shame, really.

I knew guys that were making over $5,000 usd a month here. That'll probably never happen again.



One thing I'm always wary of is the foreigner making a super high salary. I'm not saying it can't be done, I know it's possible, I've made quite bit myself but not quite as much as some of the claims you hear thrown around. 5K USD is around 30,000 RMB a month. It's not impossible, just unlikely.

Another thing is you have to be willing to put in the hours for that money. As in 30+ hours a week teaching. Factor in commute and prep and you'll soon see how that eats away at your time.





Whereas I am fully aware that on Dave's there are a lot of people o who are wary of high earners i never quite understood the rationale. Do you actually think there are significant numbers of people who would join a faceless chat group to lie about their status? Where I guess such saddo's must exist I find it rather insulting to be scorned every time one mentions making a decent living. I just came back from 7 hours PT at 300 an hour to add to my substantial UK based salary. During the holidays, of which I have many I work part-time, during term time I don't. I take about 8 weeks holidays a year and average 20 hours for the rest. Maybe 3 hours commute, very little prep needed after 10 years


I don't work a lot of hours and I do make good money, if anyone has a problem with that then bite me. If you think I am showing off, then i feel concern for your level of skepticism, I don't understnd the accusations of 'LIAR', this is a place for the faceless to share their stories, feel free not to believe.
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Aristede



Joined: 06 Aug 2009
Posts: 180

PostPosted: Wed Jan 27, 2016 5:34 pm    Post subject: Reply with quote

JB140767 wrote:


Whereas I am fully aware that on Dave's there are a lot of people o who are wary of high earners i never quite understood the rationale. Do you actually think there are significant numbers of people who would join a faceless chat group to lie about their status?


Yes. I see it all the time in discussion forums. People try to boost their status within the group by claiming to have tons of money, IQs of 195, crowds of admiring beauties, etc. How someone achieves an ego boost from this in an anonymous forum, I don't know. But many still do it, and that's why others are reasonably skeptical about claims that sound embellished.

Quote:
I don't work a lot of hours and I do make good money, if anyone has a problem with that then bite me.


Well you started out the right way in building your case and then blew it with a sullen, immature retort. This kind of tips your hand.

Quote:
If you think I am showing off, then i feel concern for your level of skepticism, I don't understnd the accusations of 'LIAR', this is a place for the faceless to share their stories, feel free not to believe.


Apparently your employers aren't averse to comma splices. In any case, why would you care whether others believe or not? It's a "faceless chat group."
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Mingvase



Joined: 19 Jan 2016
Posts: 62

PostPosted: Wed Jan 27, 2016 10:50 pm    Post subject: crc Reply with quote

People on this thread are saying they bank $2000 a month and earn high. The only salaries I have seen advertised are around 16000RMB per month at the most, although I was offered the opportunity by an agency to send my cv to a school who were offering up to 20000RMB per month. I declined cos the kids are too young for me and I don't think I'd get the job anyway as I have no experience of teaching kids so young. It is the most I have seen offered though. University posts I have seen all seem tbe at the lower end of the pay scale (8000 a month or so). I had an interview with WS who were offering 16k in Shenzhen but I didn't an offer from them. Housing was going to be around 3k a month anyway and after tax that would leave around 14k minus 3k rent=9k net. That is about 900 pounds sterling. You can make that in almost any full time job in the UK. perhaps the way to go is to find these 20k a month jobs (that was the top end of the scale though).
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The bear



Joined: 16 Aug 2015
Posts: 483

PostPosted: Thu Jan 28, 2016 12:01 am    Post subject: Re: crc Reply with quote

Mingvase wrote:
People on this thread are saying they bank $2000 a month and earn high. The only salaries I have seen advertised are around 16000RMB per month at the most, although I was offered the opportunity by an agency to send my cv to a school who were offering up to 20000RMB per month. I declined cos the kids are too young for me and I don't think I'd get the job anyway as I have no experience of teaching kids so young. It is the most I have seen offered though. University posts I have seen all seem tbe at the lower end of the pay scale (8000 a month or so). I had an interview with WS who were offering 16k in Shenzhen but I didn't an offer from them. Housing was going to be around 3k a month anyway and after tax that would leave around 14k minus 3k rent=9k net. That is about 900 pounds sterling. You can make that in almost any full time job in the UK. perhaps the way to go is to find these 20k a month jobs (that was the top end of the scale though).


There are well paying positions out there, but they take time and experience to find. Plus word of mouth. The way I see it, there are 2 ways to make money in China

1) Work for a high paying institution (sounds obvious, eh?). I mean get actual teaching credentials e.g. teaching in your home country (science, maths etc.) then go to work for an international school. Or an MA/DELTA and teach English for a well paying uni that recognises these qualifications (route I did).

2) Accept a "standard" job and work your ass off teaching privately. Potentially this is a lot more lucrative. Though it most likely involves teaching children (not for everyone, not for me). And the legality is questionable - a different but related issue.

Off hand, I know of about 5 universities that offer salaries above 16,000. Most of these are joint-venture establishments, and as I recently found out, the grass isn't always greener at these places.
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Non Sequitur



Joined: 23 May 2010
Posts: 4724
Location: China

PostPosted: Thu Jan 28, 2016 3:14 am    Post subject: Re: crc Reply with quote

Mingvase wrote:
People on this thread are saying they bank $2000 a month and earn high. The only salaries I have seen advertised are around 16000RMB per month at the most, although I was offered the opportunity by an agency to send my cv to a school who were offering up to 20000RMB per month. I declined cos the kids are too young for me and I don't think I'd get the job anyway as I have no experience of teaching kids so young. It is the most I have seen offered though. University posts I have seen all seem tbe at the lower end of the pay scale (8000 a month or so). I had an interview with WS who were offering 16k in Shenzhen but I didn't an offer from them. Housing was going to be around 3k a month anyway and after tax that would leave around 14k minus 3k rent=9k net. That is about 900 pounds sterling. You can make that in almost any full time job in the UK. perhaps the way to go is to find these 20k a month jobs (that was the top end of the scale though).


The counterpoints to money are hours, housing and allowances.
The 'lower end' will be public max 20 hours gigs. Wall St will want way more than 20 hours off your hide.
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LarssonCrew



Joined: 06 Jun 2009
Posts: 1308

PostPosted: Thu Jan 28, 2016 10:52 am    Post subject: Reply with quote

Mingvase, one huge difference is that in the UK with 900 quid you're not getting housing and your tax and NI is huge.

Day to day living is very expensive in the UK and doing anything normally costs alot.

If you have a job + them covering your housing and bills, you can essentially live as cheap as you like.

You could in theory cook at home and have an occasional pint/coffee out and live on 100 RMB a day. Even if you want to eat out and you like Chinese food it can be done for 30-40 RMB a day. Breakfast is about 5 RMB, some fried rice for lunch 10 or so, then some dishes for dinner may make you upto about 50. If you, like me, are planning on further study then you could go home, relax, watch movies, study a bit, play games, study Chinese etc. and then go to the gym and sleep.

Therefore, for instance, taking my offer[a bit different since it is teaching pre law and I studied law], I will get 18000 plus housing and all housing costs, that's after tax[specify that, don't mess about, ask for figures that will appear in your bank].

I will do some online prep and teaching that means no commute time and maybe make 8000 a month for say 10 hours a week, so I end up doing 18 hours at work plus ten at home for 28 hours a week, and I end up with 28000 and a house, if I choose to spend only 3000 a month I can pocket 25000.

It can be done.

However, if you're young and carefree and get in with a Chinese girl[or boy!] then 10000 may not be enough, especially if you enjoy 60 RMB pints of beer and expensive Italian restaurants.
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JB140767



Joined: 09 Aug 2015
Posts: 135

PostPosted: Thu Jan 28, 2016 11:43 am    Post subject: Reply with quote

Aristede wrote:
JB140767 wrote:


Whereas I am fully aware that on Dave's there are a lot of people o who are wary of high earners i never quite understood the rationale. Do you actually think there are significant numbers of people who would join a faceless chat group to lie about their status?


Yes. I see it all the time in discussion forums. People try to boost their status within the group by claiming to have tons of money, IQs of 195, crowds of admiring beauties, etc. How someone achieves an ego boost from this in an anonymous forum, I don't know. But many still do it, and that's why others are reasonably skeptical about claims that sound embellished.

Quote:
I don't work a lot of hours and I do make good money, if anyone has a problem with that then bite me.


Well you started out the right way in building your case and then blew it with a sullen, immature retort. This kind of tips your hand.

Quote:
If you think I am showing off, then i feel concern for your level of skepticism, I don't understnd the accusations of 'LIAR', this is a place for the faceless to share their stories, feel free not to believe.


Apparently your employers aren't averse to comma splices. In any case, why would you care whether others believe or not? It's a "faceless chat group."


Dude.I, teach, business, English, and IELTS to people who want to get on in life who don'''''t give a rats asp what a comma splice is,nor,come,to, that do I. (vanilla splice, different story)

In honesty I have always had a tendency to overuse the auld comma, shure tis my weakness, along with the drink.

BTW (bet youse hate BTW too, huh?)?)?),, I made a typo on understand, missed a trick there bub.

I have met grammar, punctuation and spelling nazi's before, what a colorful exciting life they lead. Was a guy I worked with up Ningbo way back in the day, seriously, linguistic degrees coming out of his ears. Classroom was perpetually empty because he was boring as hell.

Long and short of it is, shure, in the grammar and punctuation olympics you might whop my ass. It might even permit you to come on here and be a condescending perambulator, I sure hope it keeps you warm at night. I worry about you Richard, I do.

Go forth and be frugal, Frodo
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Aristede



Joined: 06 Aug 2009
Posts: 180

PostPosted: Thu Jan 28, 2016 6:07 pm    Post subject: Reply with quote

JB140767 wrote:


Dude.I, teach, business, English, and IELTS to people who want to get on in life who don'''''t give a rats asp what a comma splice is,nor,come,to, that do I. (vanilla splice, different story)

In honesty I have always had a tendency to overuse the auld comma, shure tis my weakness, along with the drink.

BTW (bet youse hate BTW too, huh?)?)?),, I made a typo on understand, missed a trick there bub.

I have met grammar, punctuation and spelling nazi's before, what a colorful exciting life they lead. Was a guy I worked with up Ningbo way back in the day, seriously, linguistic degrees coming out of his ears. Classroom was perpetually empty because he was boring as hell.

Long and short of it is, shure, in the grammar and punctuation olympics you might whop my ass. It might even permit you to come on here and be a condescending perambulator, I sure hope it keeps you warm at night. I worry about you Richard, I do.

Go forth and be frugal, Frodo


I'm guessing that this passes for witty repartee among the high school crowd these days. What marvelous representatives we have abroad.
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Non Sequitur



Joined: 23 May 2010
Posts: 4724
Location: China

PostPosted: Thu Jan 28, 2016 6:44 pm    Post subject: Reply with quote

Par for course.
Click 'see all posts' and you'll get the drift.
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asiannationmc



Joined: 13 Aug 2014
Posts: 1342

PostPosted: Fri Jan 29, 2016 12:41 am    Post subject: Reply with quote

Quote:
I don't understnd the accusations of 'LIAR', this is a place for the faceless to share their stories, feel free not to believe.


Comments are usually bout as useful as a bra on a boar. Many use forums to lash out for reasons only they know...sometimes it is O.L. related, or diverted revenue stream. Some target Chinese or use the wumao slight to attempt to cement their hurt feelings. Non Sequitur & Aristede, I am not aiming this at you guys... it is just an observation. Nor is it an endorsement of JB140767, just a casual observation over the years. Read for entertainment and an idea as to something you may want to investigate more. I have lived here for many years. I enjoy it .,...like I have posted many times...China is a sh*thole, but it is my favorite sh*thole and it is a great place for foreigners to big themselves up and feel better about themselves by downplaying others or exaggeration. Since I have been in China I have accomplished some big things, in my own evaluation that many would not appreciate. Fairness is a virtue and yeah there are problems with FT's, Chinese, and expats that seem across the board to be noteworthy. At the end of the day, why would anyone opinion on a board like this matter. When you see someone say anything across the board, Salary, Chinese, Americans, whatever, don't let the burn set in. I participated in another thread bout a dog and when I read a posters desire to report someone I often wonder why not report it yourself on your own social media or in fact why not take action yourself. Posting is safe and I cannot dis' someone for taking the safe road as it is their own decision as to how much they want to put into a social problem. It is easy to compare China/Asia to the Westerncentric or homeless to abused to animal cruelty ...on paper or a chat board and not really worth getting your dander up ....

also I fully understood "understnd"... it is short for understand'ed
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Volver



Joined: 27 Sep 2013
Posts: 181

PostPosted: Sat Jan 30, 2016 1:19 am    Post subject: Reply with quote

The coming devaluations are weighing heavily on my decisions about the future. Despite anything the morons who run this place say, I am positive they will devalue the currency. The current dictator and his crowd have no clothes and will fall back on whatever appears expedient. If I get a big enough raise for next year, I will stay. If not, then I am gone. No way am I going to bust my behind just to see savings reduced through no fault of my own. This place just isn't worth it.

As for savings, $2K per month is not that difficult. I have no real expenses other than food, get a decent salary, and work side gigs. My only real expense is major dental work (¥45K at least) and yet I still manage to save about $2K per month. The savings are really the only reason I stay in this dump. I can earn a lot more money in the States, but I cannot save as much as I do here.

V
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JB140767



Joined: 09 Aug 2015
Posts: 135

PostPosted: Sat Jan 30, 2016 2:28 am    Post subject: Reply with quote

Non Sequitur wrote:
Par for course.
Click 'see all posts' and you'll get the drift.



Substantive reply, par for the course. Low earnings equate to bitterness it seems. Surprised to see you team up with a low earning personality vacuum - oh, wait.


Last edited by JB140767 on Sat Jan 30, 2016 2:34 am; edited 1 time in total
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JB140767



Joined: 09 Aug 2015
Posts: 135

PostPosted: Sat Jan 30, 2016 2:30 am    Post subject: Reply with quote

Aristede wrote:
JB140767 wrote:


Dude.I, teach, business, English, and IELTS to people who want to get on in life who don'''''t give a rats asp what a comma splice is,nor,come,to, that do I. (vanilla splice, different story)

In honesty I have always had a tendency to overuse the auld comma, shure tis my weakness, along with the drink.

BTW (bet youse hate BTW too, huh?)?)?),, I made a typo on understand, missed a trick there bub.

I have met grammar, punctuation and spelling nazi's before, what a colorful exciting life they lead. Was a guy I worked with up Ningbo way back in the day, seriously, linguistic degrees coming out of his ears. Classroom was perpetually empty because he was boring as hell.

Long and short of it is, shure, in the grammar and punctuation olympics you might whop my ass. It might even permit you to come on here and be a condescending perambulator, I sure hope it keeps you warm at night. I worry about you Richard, I do.

Go forth and be frugal, Frodo


I'm guessing that this passes for witty repartee among the high school crowd these days. What marvelous representatives we have abroad.



I know who you are dude, in fairness you wouldn't recognize humor if it bit you in the ass. Nazi's know no fun.
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