Fragile families mean a fragile society. In China’s case, foreign direct investment, especially from overseas Chinese, brought not only capital but also technology and management know-how. Found insideAn edition expanded with more than 100 pages of new content offers a blueprint for a better life, whether one's dream is escaping the rat race, experiencing high-end world travel, earning a monthly five-figure income with zero management or ... Such a labor force, a non-repeatable historical phenomenon resulting from a rapid demographic transition, was fortuitously present as the Chinese economy was about to take off. In You, Inc. Beckwith provides practical tips, anecdotes and insights based on his 30 years of marketing and selling his advertising services. But it … The world's second-biggest economy has 654,000 millionaires, placing it second on the list. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. An aging population is likely to lead to a more peaceful society. Demographics of China 2020. Given that demographic changes take time to develop, and that their ramifications are not only massive but also long-lasting, China’s inaction has already proved costly—and will only grow more so the longer it persists. The hot shot US lawyer and the hit man 5. The size of the country’s population aged 60 and above, on the other hand, will increase dramatically, growing by 100 million in just 15 years (from 200 million in 2015 to over 300 million by 2030). Only Japan has aged faster than China. Then you can access your favorite statistics via the star in the header. Political legitimacy in China over the past three decades has been built around fast economic growth, which in turn has relied on a cheap and willing young labor force. When the first signs that fertility had dropped below the replacement level were reported in the early 1990s, they were quickly dismissed in the context of what was believed to be widespread underreporting of births. For Chinese aged 20 to 24, that decline will come sooner and will be more drastic: Over the next decade, their number will be reduced by nearly 50 percent, to 68 million from 125 million. To the markets… where the Dow’s surged over 350 points on comments from National Economic Council Director Larry Kudlow intimating U.S.-China trade talks will resume. Register in seconds and access exclusive features. ... standard of living is improving. This, I fear warps their sensibilities (“temporarily embarrassed decamillionaires,” wot). By my math, … This statistic depicts the number of millionaires living in Taiwan from 2014 to 2019 with a forecast for 2024. Found insideThis book is welcome for providing a remarkably thorough, detailed and accurate overview of the industry and the issues it presently faces. Found insideIn this book the authors highlight how specific decisions, behaviors, and characteristics align with the discipline of wealth building, covering areas such as consumption, budgeting, careers, investing, and financial management in general. In a little more than a decade, however, it will for the first time in its long history give up this title, to India. The Queen's Embroiderer is both a story of star-crossed love in the most beautiful city in the world and a cautionary tale of greed and the dangerous lure of windfall profits. And every bit of it is true. Had it not been for China’s relatively young age structure, the population would have begun declining in the early 1990s, almost two decades ago. United Nations projections are also included through the year 2100. By my math, the one percent starts a bit higher - at $11,099,166 . New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. So, no, $10 million in net worth is not the one percent. This includes last year’s number one, Chen Lihua, 74, founder of … Major fertility reduction in China took even less time. Many advisers make money based on commissions, which means that their interests are not aligned with your interests. Found insideBy the way, what are the Dutch and British economies compared to China, ... of U.S. 66 NA 65 NA NA NA 239 NA NA Decamillionaires (Assets over $10 Mil.) ... By 2013 China’s demographic dividend growth rate will turn negative: That is, the growth rate of net consumers will exceed the growth rate of net producers. In 2000, when the ratio of income levels in the United States and China was still about 10 to 1, female life expectancy in China was only about five years below that of the United States (75 versus 80). Companies from the U.S. and other countries have shown little interest in pulling out of China, said Chen Deming, who headed China's commerce ministry from 2007 to 2013. These are the basic data for the tables and figures given in this chapter. Learn more about how Statista can support your business. Near-billionaires don’t die in fires, and they particularly don’t die alone in a 300-square-foot shed, surrounded by some old gym equipment, a pink-and-white-striped beach chair, bottles of Fernet Branca liqueur, and nitrous China’s low fertility, however, is a fact that has been established as real only relatively recently, in part because of problems associated with deterioration in the country’s birth registration and statistical data collection system, and in part because of the government’s reluctance to acknowledge declining fertility. 8/27/09. Taken together, the changes portend a gathering crisis. Discover how investing in talent and technology to provide hybrid advisory services is critical to … China’s top legislative body is expected this week to pass a privacy law that resembles the world’s most robust framework for online privacy protections, Europe’s General Data Protection Regulation. At the time the policy was announced 30 years ago, it provoked great controversy both within and outside China; over the years it has extracted great sacrifices from Chinese families and individuals, especially from women. That's 1.13% of American households. Found insideIn The Cult of Smart, educator and outspoken leftist Fredrik deBoer exposes this omission as the central flaw of our entire society, which has created and perpetuated an unjust class structure based on intellectual ability. China’s unprecedented population control policy, the one-child policy, turned 30 this year. How many decamillionaires are there in America . So, no, $10 million in net worth is not the one percent. It is a long-overdue manifesto for the mobile lifestyle, and Tim Ferriss is the ideal ambassador. This creates grim prospects for many Chinese who hope in old age to rely on their children for emotional and physical if not financial support. Besides the recurring themes, our 2016 edition of the Global Wealth Report sheds light on the most significant trends at the bottom of the global wealth pyramid. In 1995, primary schools nationwide enrolled 25.3 million new students. Accessed September 19, 2021. https://www.statista.com/statistics/702759/china-number-of-millionaires/, Hurun Research Institute. Or stagnating, but still on a relatively high plain. At least 1.9% of papers have duplicate images "suggestive of deliberate manipulation". As a result, experts are now concerned that China’s low birth rate, combined with its aging population, will damage its future economic development. Found insideThis is your window of opportunity to maximize your earning power, increase your salary, increase your cash flow, increase your money flow, and increase your money potential to the infinite degree of infinite proportions in the least amount ... Today the national fertility level is around 1.5 and possibly lower. Signed and limited to 10,000 copies, the folio-sized publication quickly sold out and later became the most expensive book published in the 20th century, with SUMO copy number 1 selling at auction for $304,000. Although 56 different ethnic groups are officially recognized in China, 91.51% of Chinese are Han Chinese. These figures imply that over 40 percent of Chinese households have only one child. 138 comments ↓ #1 Prince Polo on 06.13.21 at 10:21 am . Found insideAnd the hulking box of the nursing home in Fort Greene, where old Chinese women ... Heights decamillionaire, the refugee alone and wanting the aloneness, ... About 10% of the population in the country lives on $1 USD a day, compared to 64% just 35 years ago. Sociology, University of California, Irvine, China’s new regulation of platforms: a message for American policymakers, Coronavirus (COVID-19) Politics and International Relations. To understand China's population and demographics, it helps to understand its government a bit. The looming demographic crisis will largely define China in the twenty-first century. The tragic deaths of thousands of only children in the earthquake of May 2008 in Sichuan province highlighted the potential for extreme misfortune. And because China is a major player in the global economy, the impact of the country’s demographic changes will not be limited by its borders. Found inside... centamillionaires in the region covering SouthEast Asia, China and Japan. ... Report mentions that “SouthEast Asian decamillionaires (those with $10m or ... In a series of tweets, he said: "We have agreed to a very large Phase One Deal with China. One number best characterizes China’s demographics today: 160 million. How many decamillionaires are there in America? India, the next largest country, has 120 million fewer people, for a population of 1.28 billion. And although the policy was designed as an emergency measure to slow down China’s population growth, and was intended to last for only one generation, the government has not yet shown the willingness, or courage, to phase it out. For nearly two decades, the average number of children a couple is expected to produce has been less than 2, recently falling as low as approximately 1.5. In the past decade, below-replacement fertility has become a new global reality. By the turn of the twenty-first century, China’s demographic transition could no longer be doubted. For the most part, China has exhausted its demographic fortune as measured by the demographic dividend—that is, by the changing support ratio between effective producers and effective consumers. The crux of this lie, as noted by Sam Grinsell (a friend, who is a historian of the built environment at the University of Antwerp in Belgium who knows Wuhan, China which became the epicentre of COVID-19) has noted we separate human life from the environment, using concrete, glass, steel, maps, planning and infrastructure to forge a space apart. Seems to me that $2900/mo is more advantageous than $5000/mo. Forbes' definitive list of wealth in China, profiling and ranking the country's richest citizens by their estimated net worths. But the trade deficit with China has climbed higher under Trump, reaching $380.8 billion in 2018, the highest annual figure dating back to 1999, according to BEA. China has another very serious demographic problem due to sex-selective abortion and its one-child policy, resulting in a ratio of 120 boys for every 100 girls. Found insideFind out through landmark titles how creating wealth can lead to fulfilling your personal potential and gaining peace of mind. Fine. And many parents will face a most unfortunate reality: outliving their children and therefore dying alone. China is officially an atheist state, and doesn’t survey its people on their religion. The 4-Hour Workweek “It’s about time this book was written. ... China stands at number two with 6.143 million millionaires, followed by Japan with 3.275 million millionaires. The world has never seen such enormous economic growth in … While many people. Where Asia's millionaires live 2. In Europe, North America, and East Asia, prolonged below-replacement fertility has already set in motion a negative population growth momentum. Unfortunately, the show is misleading many about how startups are funded and the reality of gaining investment capital for a growing business. Deca-Pharma, Piura. This Harvard Study of 4,000 Millionaires Revealed Something Surprising About Money and Happiness…They studied specifically “decamillionaires” (Net worth is over $10 million). What we discovered about how these men and women built their wealth will surprise you. Chris Hogan shares the 10 biggest myths the study revealed in his national bestselling book Everyday Millionaires. The S&P 500’s up to 2,848, while the Nasdaq sits at 7,844. Fine China Hotels and ResortsAutomobile FirmsHome AppliancesPremium Wines Retailers GlasswareJewelry FirmsHealth CareInsurance Firms Real Estate Brokers 52% 52% 50% ... less-wealthy peers. Have you ever wondered how many decamillionaires are in the US? Show publisher information. 3:50 PM. In just one decade, from 1970 to 1980, the total fertility rate (TFR) was more than halved, from 5.8 to 2.3, a record unmatched elsewhere. The term “demographic dividend” refers to gains (or losses) in per capita income brought about by changes in a population’s age structure. The reason for this does not lie in the size of China’s population, but in the speed with which the People’s Republic has completed its transition from high to low birth and death rates. USA TODAY, April 29, 2020, Fact Check: Sen. Elizabeth Warren did not 'just vote' to raise her own salar Unlike many of the statements we fact-check on Facebook, this one has some truth to it. The ripple effects of fertility decline have begun to emerge everywhere in China these days. About 2.5% of scientists admit to fraud, and they estimate that 10% of other scientists have committed fraud. No one likes to talk about actual ideas (like this one) that would make it palatable to all parties in this country, including the people who’ve been building stadiums and youth academies, among other long-term investments. They make the most money from investments with large commissions. The Chinese government says that from 2012 to 2017, the government reported an 81.3% drop in gun crimes from 311 to 58. Shares the favorite recipes of celebrities C hina now has the second-highest number of millionaires in the world, according to a new report.That puts it firmly in second place — right behind the U.S. China … What makes China unique, however, is that it still has a state policy, unique in human history, that restricts the majority of Chinese families to one child per couple. By proclaiming himself to be the younger brother of Jesus, he grew his following to between 10,000 and 30,000 followers, and by late 1850 they controlled over a third of China. Because of this, no accurate figures regarding religious demographics are available. Found inside – Page 281There are many other definitions of " language ' such as Robins ( 1979 ) ... West Germany and China etc , once faced the problem of developing and ... Gun crime in China. The median wealth for adults in China is $20,942 ; How many in Congress are millionaires? (February 8, 2021). China has achieved in 50 years—increasing life expectancy from the 40s to over 70—what it took many European countries a century to accomplish. How many millionaires are there in the world? Found inside – Page viiiAs for mainland China, the unbridled growth of its cities is set to ... in the dark as to the fate of the dead in these decamillionaire agglomerations. 33,000 pages 44 million words 10 billion years of history 1 obsessed man Part memoir and part education (or lack thereof), The Know-It-All chronicles NPR contributor A.J. Jacobs's hilarious, enlightening, and seemingly impossible quest to ... In an ironic twist, the researchers found that there is one thing that decamillionaires can do to get even more happiness -- give it away. Please contact us to get started with full access to dossiers, forecasts, studies and international data. This is a list of countries by the number of millionaires by net worth based on an annual assessment of wealth and assets compiled and published by the Swiss bank Credit Suisse.According to estimates, in the middle of 2021 there were 56 million people worldwide whose assets exceeded one million USD, of which nearly 40% lived in the United States.The total net worth of all … STR president and COO Amanda Hite said the growth “reflects continued interest in the sector and its ability to generate return.” It’s official now that Jack Ma, chairman of the Chinese e-commerce giant Alibaba Group Holdings Ltd., is a member of the Communist Party. Then you will be able to mark statistics as favourites and use personal statistics alerts. Post was not sent - check your email addresses! By 2008, that number had shrunk by one-third, to only 16.7 million. Chart. EltaMD UV Clear Broad-Spectrum SPF 46. Please authenticate by going to "My account" → "Administration". An aging labor force will compel changes in this economic model and may make political rule more difficult. The same force of momentum will work in the opposite direction soon. China immigration statistics for 2015 was 978,046.00, a 15.08% increase from 2010. Found insideIn the essay, Carnegie argues that the accumulation of wealth is beneficial to society and the government should take no action to impede it. The rise of China over the past 15 years has created huge wealth for a select group of citizens. More generally, ever more Chinese parents in the future will not be able to count on their children in their old age. As a result of the country’s low fertility rates since the early 1990s, China has already begun experiencing what will become a sustained decline in new entrants into its labor force and in the number of young migrants. Since 2009, average family premiums have increased 54% and workers’ contribution have increased 71%…. facts. The special 25th anniversary edition of Capgemini’s World Wealth Report (WWR) examines the global HNWI population and wealth growth dynamics, shifting digital-era expectations, asset allocation trends, and investor opinions about fees, hybrid advisory services, and existing offerings. Hogan shows that God's way of managing money really works. It is expressed as the ratio of the growth rate of effective producers to the growth rate of effective consumers. The company’s most recent hotel census, for June, shows 5,001,163 rooms across 53,554 properties. After rapid population growth in the middle of the 20th century, the Chinese government sought to limit population growth by introducing the famous "one-child policy.". China immigration statistics for 2005 was 678,947.00, a 33.64% increase from 2000. That's 1.13% of American households. China, in other words, completed its mortality-decline transition while per capita income was still at a very low level. DECA-PHARMA, tienda de productos farmacéuticos de alta calidad, siempre comprometida con la salud, bienestar de nuestros consumidores. Only one other group – Zhuang – has a larger than 1% share of the population. sold … The Millionaire Mindset. China denounces damaging US-UK-Australia pact 2. $39 per month* Around 1,456,336 households in America have $10 million or more in net worth. In 1990, China had over 750,000 primary schools. A new study has found that in 2018, there were 11.8 million households in the United States with a net worth of more than $1 million, making up 3 percent of the US population. For purposes of Dave who’s $500 short all the time, it makes little difference whether the top 100 billionaires in America exist, or fold themselves into a huge combining-mecha-trillionaire guy, or distribute their fortune among 10,000 people who are merely decamillionaires and centimillionaires. Take Zhou Zengyi as an example. Once China's 11th richest man, valued by Forbes at $320 million in 2002, he has since been arrested twice and is currently serving a 16-year sentence. Zhou's transgressions even took Chen Liangyu, Shanghai's Communist party secretary, down with him. What accounts for the sharp rise and fall of China's wealthiest? But the true extent of the … First, the  country has more than 160 million internal migrants who, in the process of seeking better lives, have supplied abundant labor for the nation’s booming economy. In contrast to Western European countries, where it took 75 years or longer to reduce TFR from around 5 to the replacement level, in China a similar decline took less than two decades. Our estimate puts the millionaire net worth goal at the 88.24% wealth bracket in the US in 2016, or 11.76% of all households. Found inside – Page 501Thus , Peabody , apart from his own charities , may honorably stand in the ... It is interesting to consider the many ways in which the 68 A Chinese model ... “Zillow Group reported better-than-expected quarterly revenue on Wednesday. At 2% that $300,000 grows to over $413,000. The PRC also claims Taiwan, which is controlled by a separate political entity called the Republic of China (ROC) as its 23rd province. I was listening to the NYT The Daily podcast last night from 6/15 called, "Why Billionaires Pay So Little Tax." They were discussing the recent ProPublica article that reported how little, as a percentage of income and net worth, some of the wealthiest Americans pay in taxes. Due to these odds, and the large numbers of Chinese parents who have only one child, the sheer number of elderly people living without any children is significant and growing. China. And 140 is a truly astonishing figure, when one considers that the average white U.S. college graduate has an IQ around 111, the average white PhD has… Because the population control policy has been in place for so long, many Chinese couples, especially in the more affluent urban areas, have had only one child. It was an awesome and incredible experience – did it for one year. China's constitution guarantees freedom of religion, although any religious organization without official approval faces state persecution. Found insideIn the HBR Family Business Handbook you'll find: A new perspective on what makes family businesses succeed and fail A framework to help you make good decisions together Step-by-step guidance on managing change within your business family ... So far, observers of China’s demographic changes have focused most of their attention on consequences at the aggregate or societal level: the size of the labor force, of the elderly population, and of the number of men who will not be able to marry. More than 24 million … 41% have less than $50,000 saved 18% have $50,000 to $99,000 saved 27% have $100,000 to $500,000 saved 7% have $500,000 to $999,000 saved … On 3 September, China’s state-owned Global Times, which acts as the government’s mouthpiece, ran a front-page article warning that "China will gradually decrease its holdings of US debt to about Published by C. Textor , Feb 26, 2021. This is an increase of 0.52 % (7,412,695 people) compared to population of 1,436,568,870 the year before. Its mortality rate has dropped to a level not very different from that of the developed countries. 4 likes. Found inside – Page iWith timely and well-grounded arguments, this breakthrough book offers a new vision of philanthropy's place in American economic thought. Found insideThe chapters in this volume present evidence that asset-building communities both promote and are promoted by positive youth development, a bi-directional, systemic linkage that - consistent with developmental systems theory - further civil ... Facebook: number of monthly active users worldwide 2008-2021, Smartphone market share worldwide by vendor 2009-2021, Number of apps available in leading app stores 2021, Profit from additional features with an Employee Account. Foreign consumer demand, especially in the United States (fueled first by the dot-com boom and then by the housing and stock market boom), supplied a ready market for China’s export industries. Donald Trump has given success a bad name. The company has also benefited from … and over 1 Mio. This further widens the billionaire gap between China and the U.S., which has … But the relative size of these three Chinese population groups of 160 million will soon change. While China continues to transform itself from an agrarian to an industrial and post-industrial society and from a planned to a market-based economy, it not only will need, for example, to provide health care and pensions for a rapidly growing elderly population that has been covered under government-sponsored programs. Population estimates based on interpolation of data from World Population Prospects, Estimate as of September 7, 2021 is: 1,445,358,624. That such a huge share of Chinese families have only one child, despite the fact that many parents would have liked to have more, presents serious economic and social risks for individuals, and for the whole society. But more important than increased life expectancy in defining China’s new demographic era—and determining. And for the People’s Republic the challenge is all the more difficult because the country is undergoing an economic upheaval at the same time that its population is rapidly changing. Second, more than 160 million Chinese are 60 years old or older. As news broke that Tony Hsieh, the founder of Zappos, had died in a fire the day after Thanksgiving, it was almost incomprehensible. His life is not significantly affected. According to … Hurun found 49 of 73 self-made female billionaires were born in China, and that eight of the top 10 are from China. In June 2019, the popularization rate of the Internet in China was 99.1%, compared to 5.3% in 2003. I am not taking a mortgage to invest. Unfortunately, there is some confusion around the question of how many people live in China. Found insideDown the Up Staircase tells the story of one Harlem family across three generations, connecting its journey to the historical and social forces that transformed Harlem over the past century. As the young population declines, domestic demand for consumption may weaken as well, since young people are also the most active consumers of everything from wedding banquets to new cars and housing units. Page v. The 4-Hour Workweek q E SC A P E 9 – 5 , L IV E A N Y W H E R E , AND JOIN THE NEW RICH How many Decamillionaires are living in the US? Such a number is below the replacement level (the level required for a population to maintain its size in the long run). NWEA.org (PDF): The results in Table 5 demonstrate that MAP reading scores can consistently classify students’ proficiency (Level 3 or higher) status on Forward ELA test 81-83% of the time and MAP math scores can consistently classify students on Forward math test 86-88% of the time. The challenges posed by these demographic changes will be more daunting in China than in other countries that have experienced mortality and fertility declines. was ended by the Chinese government in 2016. preference for boys among Chinese families, China Population Information and Research Center, UN World Population Prospects (2019 Revision). September 27, 2019 Ed Leave a comment. This means that Chinese population statistics have become less reliable since the policy began in the 1970s. China’s slow recognition and inaction in the face of its impending demographic crisis—inaction that persists despite appeals by almost all the country’s population experts to phase out the one child policy quickly—reflect policy makers’ lack of understanding of the changing demographic reality. The demographic dividend, unlike the dependency ratio, takes into account people in the productive age cohort who are not contributing to income generation (for example, because they are unemployed) as well as those within the dependent age range who generate income (such as from after-retirement earnings). Other ethnic groups are growing at a higher rate than Han Chinese, but because of the massive dominance of Han Chinese, this is not expected to dramatically alter China’s ethnic composition. Saving $10,000 per year for 30 years results in $300,000 saved. A model was used to estimate migrants for countries that had no data. Estimates show that India will pass China as the most populous nation in the world in the next couple of decades. FOR. Many national currencies have, or have had at various times, a low unit value, in many cases due to past inflation. “On average, workers this year are contributing $6,015 toward the cost of family coverage…. Between 2013 and 2050, China will not fare demographically much better than Japan or Taiwan, and will fare much worse than the United States and France. There are 1,140,663,686 people over age 18 in China. This is a development unprecedented in both China’s and the world’s history. The $2.4 million required to be considered wealthy is 30 times the $80,000 net worth of the average American household, according to the latest figures from the U.S. Census Bureau. Many articles came out a few days ago that mentioned the vanishing of 21 million mobile in! Wealth will surprise you the star in the world today a development in. They estimate that 10 % of Chinese residents, while over 30 % practice local folk religions at two... Gathering crisis age of the twelve most deadly wars across the board more Chinese parents in the form of folk. This ago book helped Dave Ramsey rediscover the marketplace as a ready reference value, in cases! 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This economic model and may make political rule more difficult worth just over $ 413,000 policy, government... Premiums have increased 54 % and workers ’ contribution have increased 71 % … per *! Million will soon Change by 10 to 18 per cent of papers have duplicate images `` suggestive of manipulation! Was written the Internet in China these days even further to 1,360,720,000 have you ever wondered how many millionaires there. Manifesto for the first time, an homage … PRAISE does it include the former British and Portuguese of! 2013, that ’ s total GDP in 1980 was under $ 90 billion in dollars. 30 years of marketing and selling his advertising services 18 % of Chinese households have one! Installed on the system no longer be doubted experiencing below-replacement fertility has a! It include the former British and Portuguese colonies of Hong Kong and,. Wot ) drop in gun crimes from 311 to 58 today remains the world ’ s also adding the. In real estate June 2019, the one percent own one million USD or more net! The one-child policy, turned 30 this year. replacement level ( the level required for a population to its! Man 5 accelerated aging - at $ 11,099,166 U.S. markets are in world! At various times, a 15.08 % increase from 2005 twenty-first century, China took less! Listen to business presentations from what are the most innovative almost uniquely demographic. Percent starts a bit skewed as favorites bring good news: hunger can be banished in our.... A federal judge quickly blocked the measure, and that was that many people live in China than other! Us to get started with full access to dossiers, forecasts, studies international! With our professional research Service: Show sources information Show publisher information a prolonged, even more important, enjoyed. The median age of the Chinese population statistics have become less reliable since the workers... What are essentially tiny businesses his figures are based on commissions, which to. Their interests are not aligned with your interests uses physical SPF—that is mineral... Care and pensions and Macau, which is to your disadvantage due transaction. Software it bundles with the kernel and how the software is configured most... Around 1.5 and possibly lower hired approximately ten million workers to help manage the task. Chinese residents, while over 30 % practice local folk religions 25.3 million new students force of momentum will in. 2008 in Sichuan province highlighted the potential for extreme misfortune are an 20-30! Are an estimated 20-30 million people and East Asia, prolonged below-replacement has.
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