Latest News:  
Beijing   Cloudy/Overcast    7 / 0   City Forecast

People's Daily Online>>China Society

Swiss miss costs family life savings

By Zhou Wenting (China Daily)

15:12, March 19, 2012

Until recently, I had an office job at a State-owned factory in Shanghai and was all set to retire in five years. I never expected our family would be in the crisis we're in now.

My daughter Qiao Qian graduated junior college two years ago. At first she worked at a kindergarten, but after about 12 months she told us she wanted to join some colleagues who had decided to continue their studies in Switzerland.

The total cost was going to be 660,000 yuan ($104,400) how many families have access to that kind of money? We were comfortable, but not rich.

At first, I was reluctant, but after a few days I relented and gave my approval.

I invested 460,000 yuan, which was almost everything we'd saved over the years, and then borrowed the rest from relatives.

I had been under the belief that the money would guarantee my daughter a brilliant future. It's common for young people nowadays to earn a 10,000 yuan a month, so I convinced myself not to worry about the debt.

Who'd have thought it would all have gone to waste?

Three years of study in Switzerland did not create the opportunities we'd hoped for. She has not settled down since returning to China, she has jumped from one job to another. We now have many family arguments.

Life has become for more prosperous for others, but we're in reverse. My wife and I have had to ration our food to gradually wipe off the debt.

In the end, I took a redundancy settlement from the Shanghai factory just before Spring Festival to pay back the money we had borrowed. Now I make a living working as a security guard.

We'd planned to use our savings to move to a larger apartment once I'd retired, but there's no chance of that now. I can only cry at home I don't dare to cry out loud, though, for fear of being heard by our neighbors.

My daughter's overseas study was a failure.

Qiao Bin was talking to Zhou Wenting.


Leave your comment0 comments

  1. Name


Selections for you

  1. Helicopter dispatched to SW China forest fire

  2. Bomb disposal team defuses hoax bomb in Shenzhen

  3. Warplanes conduct confrontation drilling

  4. British shop owner in Beijing’s hutong

Most Popular


  1. Arms race will happen, but who to blame?
  2. Why China can't persuade N.Korea alone
  3. WTO's raw materials ruling reveals bias
  4. 21st Century classrooms needed for the future
  5. West's rare earth claim against China unreasonable
  6. Chinese economy vital for world
  7. How should China provide for seniors?
  8. Obama brings new trade case against China
  9. Giving is an aid to prosperity
  10. Rare earth case reveals US hypocrisy

What's happening in China

Poverty relief campaign offered in 798 Art Zone

  1. Coal-rich city aims to become sunshine state
  2. Firm admits it sold dead ducks
  3. Synthetic drugs pose new challenge
  4. Union chiefs asked to give contact info
  5. Carrefour food scandal shuts down store

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai