I bought Gucci, Burberry and Hermes
I bought Gucci, Burberry and Hermes
Chen Zhi-Heng, 50
Changsha, Hunan
Doctor

I entered my 40's in 2002. I was at a middle-level position in a hospital, my income was only around $300 a month. Ten years later, the hospital has been growing rapidly. Although my position hasn't changed much, my income has gone up to over $3,000 a month. I never considered myself as middle class, which in my opinion is at least $70,000. But if I take my husband's income into account, our family living standard is well above the average in China.

My whole family -- my husband, son and parents -- were living in a 1,300-square-foot apartment ten years ago. Now we own three apartments altogether.

We bought an imported car in 2008, which cost us $38,000. Before that, we'd been using my husband's company car for years since we couldn't afford it. Meanwhile, we sent our son to the United Kingdom for college and graduate school, and he now works in Beijing.

I'm now familiar with most of the world's famous brands and able to buy them: I wear a $4,700 Gucci watch, a $1,600 Burberry coat and a $320 Hermes silk scarf. I'm also able to spend $800 every month just for recreation.


By Menglin Huang @CNNMoney - Last updated June 25 2012: 5:23 PM ET
Join the Conversation
Most Popular
 
 
 
 
 

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.