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Office 2007 sold at less than30$ in China
Thread poster: Dallas Cao
Dallas Cao
China
Local time: 08:24
English to Chinese
+ ...
Oct 11, 2008

Check out this official link: http://www.microsoft.com/china/office/consumer/value/

It says office 2007 Home and Student edition is sold at 199CNY, which is less than 30 USD. proz.com also recently offers a much much cheaper price to people paying in Chinese Yuan. So it seems that the same amount of Chinese Yuan has bigger purchase power than USD. Does this mean Chinese Yuan will continue to raise in value against USD?

[Edited at 2008-10-11 11:08]


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Samuel Murray  Identity Verified
Netherlands
Local time: 02:24
Member (2006)
English to Afrikaans
+ ...
Different countries Oct 11, 2008

Dallas Cao wrote:
It says office 2007 Home and Student edition is sold at 199CNY, which is less than 30 USD. ... Does this mean Chinese Yuan will continue to raise in value against USD?


Here are the price comparisons between US and ZA:

Home and Student edition:
US: $149.95
(that's ZAR 1350.00, currency exchange)
(that's ZAR 697.60, PPP/capita)
ZA: R799.95
(that's USD 89.00, currency exchange)
(that's USD 170.87, PPP/capita)

Professional edition:
US: $499.95
(that's ZAR 4491.00, currency exchange)
(that's ZAR 2336.23, PPP/capita)
ZA: R2 785.00
(that's USD 310.00, currency exchange)
(that's USD 598.85, PPP/capita)

Which means that ZA prices look cheaper but they are actually more expensive. Does this mean the ZAR is stronger than the USD? Certainly not! To convert USD to CNY for PPP/parity, divide the USD price by 0.22 and then multiply it by 1.85.









[Edited at 2008-10-11 11:41]


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Lutz Molderings  Identity Verified
Germany
Local time: 02:24
Member (2007)
German to English
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interesting Oct 11, 2008

but not really surprising, considering you can probably buy a pirated copy for a couple of dollar on the street

[Edited at 2008-10-11 11:26]


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Dallas Cao
China
Local time: 08:24
English to Chinese
+ ...
TOPIC STARTER
Right, but Oct 11, 2008

Lutz Molderings wrote:

but not really surprising, considering you can probably buy a pirated copy for a couple of dollar on the street

[Edited at 2008-10-11 11:26]


You are right Lutz, but you can't buy a pirated copy of proz.com membership, can you?


Membership renewal in RMB is 360RMB (Less than 50$) but using USD, you have to pay 119$.

Check here:
http://www.proz.com/plat?viewPage=local_payment&locale=cn





I am in China, but I paid 119$ as I didn't know there was such a policy:)

[Edited at 2008-10-11 11:42]


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Dallas Cao
China
Local time: 08:24
English to Chinese
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TOPIC STARTER
I got it Oct 11, 2008

Samuel Murray wrote:

Which means that ZA prices look cheaper but they are actually more expensive. Does this mean the ZAR is stronger than the USD? Certainly not! To convert USD to CNY for PPP/parity, divide the USD price by 0.22 and then multiply it by 1.85.


I vaguely know what you mean. Where did you get those numbers? And how does formula work?


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Lutz Molderings  Identity Verified
Germany
Local time: 02:24
Member (2007)
German to English
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hm.. Oct 11, 2008

I'm just not so sure whether you can predict the strength of a currency by simply comparing the price of a product/service between two countries.

If you were comparing the prices over a time span, fair enough.

Can you actually still buy pirated copies on the street, or have things changed in the meantime?


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Samuel Murray  Identity Verified
Netherlands
Local time: 02:24
Member (2006)
English to Afrikaans
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Wikipedia Oct 11, 2008

Dallas Cao wrote:
Samuel Murray wrote:
To convert USD to CNY for PPP/parity, divide the USD price by 0.22 and then multiply it by 1.85.

Where did you get those numbers? And how does formula work?


http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

The PPP/parity for world is 10
The PPP/parity for US is 45.8
The PPP/parity for ZA is 9.7
The PPP/parity for PRC is 5.4

First get the ratios for multiply/dividing, by comparing the country to the world:

The ratio for US is 10/45.8 = 0.22
The ratio for ZA is 10/9.7 = 1.03
The ratio for PRC is 10/5.4 = 1.85

Now, to convert a price in USD to CNY for PPP/parity, divide the USD price by 0.22 and then multiply it by 1.85. To convert a price in CNY to USD for PPP/parity, divide the CNY price by 1.85 and then multiply it by 0.22.


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Dallas Cao
China
Local time: 08:24
English to Chinese
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No Oct 11, 2008

Lutz Molderings wrote:

Can you actually still buy pirated copies on the street, or have things changed in the meantime?



Not in major cities like Beijing and Shanghai. If you walk in the IT area in Beijing, you might be approached by some women asking you if you want discs. If you say yes, she will lead you though meandering narrow alleys till you reach a spooky dark shabby house where you will see people like you sitting or standing in front of a long box picking software or game CDs. I live near Shanghai and I don't know if there is such a place in Shanghai.


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Dallas Cao
China
Local time: 08:24
English to Chinese
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Thank you Samuel. Oct 11, 2008

Samuel Murray wrote:

Dallas Cao wrote:
Samuel Murray wrote:
To convert USD to CNY for PPP/parity, divide the USD price by 0.22 and then multiply it by 1.85.

Where did you get those numbers? And how does formula work?


http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

The PPP/parity for world is 10
The PPP/parity for US is 45.8
The PPP/parity for ZA is 9.7
The PPP/parity for PRC is 5.4

First get the ratios for multiply/dividing, by comparing the country to the world:

The ratio for US is 10/45.8 = 0.22
The ratio for ZA is 10/9.7 = 1.03
The ratio for PRC is 10/5.4 = 1.85

Now, to convert a price in USD to CNY for PPP/parity, divide the USD price by 0.22 and then multiply it by 1.85. To convert a price in CNY to USD for PPP/parity, divide the CNY price by 1.85 and then multiply it by 0.22.


Very interesting knowledge.

[Edited at 2008-10-11 12:36]


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