China Tries To Censor Data About Nearly 1 Billion People in Poverty::Chinese government censors tried to control discussions about the country’s economy this week.
China Tries To Censor Data About Nearly 1 Billion People in Poverty::Chinese government censors tried to control discussions about the country’s economy this week.
It would be wise to keep the exchange rates and purchasing power in mind. A dollar in America doesn’t get you an equal amount of goods as a dollar’s worth of yuan in China could get you. That being said, from what I gather, most people in China live on an income that is under 2000 yuan a month, and the rest of their income is subsidized with social assistance. Even so, that’s not a great long term economic strategy if people’s basic income isn’t enough to live on.
I checked, it was alleviation of extreme poverty and the success was historically unprecedented in such a short period of time. But that leaves regular poverty, which still isn’t great.