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Share of population in extreme poverty over time. In China, poverty mainly refers to rural poverty.Decades of economic development has reduced urban extreme poverty. [1] [2] [3] According to the World Bank, more than 850 million Chinese people have been lifted out of extreme poverty; China's poverty rate fell from 88 percent in 1981 to 0.7 percent in 2015, as measured by the percentage of ...
The Mexican cartels have become the "one-stop-shop" for processing and distributing nearly all the illegal drugs coming into the U.S. – the synthetic drugs made in China, as well as the cocaine ...
The $1.3 billion bridge, being built by a consortium between state-controlled firms China Communications Construction Company and China Harbour Engineering Company, is expected to be completed by ...
In 2010, Goldman Sachs estimated that China’s economy could overtake America’s as the world’s largest by 2030. The Economist was bolder, predicting China would become the world’s largest ...
The new regulations affected Evergrande Group, China's second-largest property developer, and the Chinese real estate market as a whole. [5] In addition, the Chinese shadow banks, such as Sichuan Trust , have been greatly effected by the property sector crisis due to over lending and a crackdown on regulations.
China's government publishes an official yearly calculation of the country's Gini index. Beginning in 2008, China's Gini coefficient has decreased. [13]: 405 According to these reports, the average Gini coefficient between residents was .475 between the years of 2003 and 2018, reaching a high of 0.491 in 2008 and a low of 0.462 in 2015. [14]
China's own attempts to develop a domestic-chip supply chain still lag behind the state of the art, so it needs US companies like Broadcom and Nvidia. Those companies, in turn, love the billions ...
In real life, people in leadership positions are often given more privileges and conveniences. If privileges are given to the upper class, it will benefit their subordinates or other people in society. So this kind of inequality is recognized and encouraged in China's traditional ideological system. [7] This inequality makes China's economy ...