In Malaysia , the impression that Chinese people are rich: living in a villa, driving an imported car, and getting an iPhone! But is this really the case?
has this concept in Malaysia , that is, all Chinese are very wealthy. However, looking around, Malaysian natives ( Malay and indigenous people) have more privileges, such as priority admission, government contracts and unit trust schemes. These privileges can further promote the economic and financial situation of the indigenous people, right?
This will be a controversial article. It is also necessary to declare that this article is intended to provide readers' facts and the current situation in Malaysia without any racial discrimination.
Are Malaysian Chinese really the richest ethnic group in their country?
According to former Malaysian Prime Minister Mahathir , Malaysian Chinese are "rich groups". Then let's explore in depth now and see if what former Prime Minister Mahathir said makes sense.
According to the 2020 Forbes Rich List of Malaysia, the net worth of the richest man in Malaysia is US$11.5 billion (about RM3 RM4 4!), which is only US$5 billion lower than China's Jack Ma .
Let’s take a look at the top ten richest people in Malaysia:
Guo Henian: US$11.5 billion
Guo Lingcan : US$97 billion
Ananda Ananda
Ananda
Ananda ml4: $5.9 billion
Zeng Liqiang : $5.3 billion
Zheng Hongbiao : 4.85 billion
Li Yaosheng and Li Yaozu : US$4.8 billion
Lin Guotai : US$3.2 billion
Guanbaoqiang , Guan Baoming and Guanbaoda : US$3 billion
Guanjin'an : US$2.8 billion
Liu Chuqun : US$2.3 billion
From this rich list, we can see that most of the richest people in Malaysia are Chinese, and 9 of them are occupied by 10 species! The total net value is close to $50 billion.
In addition, referring to the ranking of the 50 richest people in Malaysia and then comparing according to race, we can observe the percentage of races of these 50 richest people in Malaysia:
72%Chinese
14%Malay
6%print American
4% Sri Lankan
2% Thai
2% Australian
can be seen. Among the richest Malaysians on this list, nearly three-quarters of are Chinese!
If you put aside the "richest people", which Malaysian ethnic group usually earns more money?
According to the survey report of the Malaysian Bureau of Statistics, Chinese families living in cities have the highest median household income, close to RM8,000, which is more than 20% higher than that of Indian and Malay families. For every Chinese earn about RM1.40, Indians and Indigenous people will each earn nearly RM1.20 and RM1.
But this data is not logical. As we all know, indigenous people account for the majority of Malaysia’s population, 69.9%, Chinese account for 22.6% of the total population, and Indians account for 6.8%. Then, based on the high number of indigenous people and the privileges, shouldn’t they achieve higher average income?
Now let’s estimate it in a hypothetical and rough manner:
Let’s first take Malaysia’s 30 million population as the standard. Then, based on the median monthly household income divided by ethnicity released by Malaysian statistics, we can calculate the average wealth of various races. In addition, the average number of families in Malaysia is 4.31.
According to this rough calculation, the income performance of Malay is actually more than twice that of Chinese families.It should be emphasized again that this is a rough calculation of total income of the population, and the calculation results show that Malays have most of their wealth, which seems quite reasonable.
But, this is not entirely realistic.
Because according to the Malaysian Bureau of Statistics, the poverty rate of indigenous people is higher than that of Chinese and Indians. Of the 1.3 million households with incomes below RM3,000 in Malaysia, 71.6% (932,600) are native. By comparison, there are about 245,100 Chinese families (18.8% of households with monthly incomes below RM3,000), 97,000 Indian families (7.4%) and 18,200 other ethnic groups (1.4%).
based on the data concluded that even if Malays should have the vast majority of their wealth, they are still one of the highest poverty rates in Malaysia. What is the reason for the income gap among Malaysian ethnic groups?
- Systematic Education Poverty
- Exclusive Rights and Privileges
- Unequal Employment Opportunities
- Special Industry Restrictions on Ethnic Groups
So, which race in Malaysia is a high-income ethnic group? We don't have a practical answer. All we can say is that there is a racial wealth gap and inequality caused by certain policies and overall social structures in Malaysia. But there is a fact that must be admitted that the wealth of Malaysian Chinese is exchanged for hard work, and there is no "fairy" to help, and there is no pie falling from the sky. Even if you face unfair treatment, you can still work hard.
Conclusion
All Malaysian Chinese have money is a wrong idea. The gap between the rich and the poor among Malaysian Chinese is getting worse and worse. Under this situation, the low-income group will only become poorer and poorer. As the inflation rate becomes higher and higher, these people have no chance to get rid of poverty.
(The above remarks are purely the editor’s views and some online information, and do not represent the position of this platform)
#Malaysia# #Malaysia’s second home# #Overseas# #Overseas Chinese#
