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In choosing not to do so, at least for now, the government may be acknowledging the public opposition of the German auto industry to the EU tariffs, as well as its sizeable production in China.
Although personal income is always positively related to life satisfaction, the effect is weaker in wealthy areas than in poor areas. As Brockman et al. et al. (2009) argue that the rapid increase in income inequality in China may produce a group of “frustrated achievers” whose incomes are on a downward trend despite significant increases ...
According to International Labour Organization, "the working poor are employed people who live in households that fall below an accepted poverty line. While poverty in the developed world is often associated with unemployment, the extreme poverty that exists throughout much of the developing world is largely a problem of employed persons in ...
Here’s how the U.S., Europe, and China are faring in the post-pandemic race for economic growth Philipp Carlsson-Szlezak, Paul Swartz February 12, 2024 at 4:56 AM
At the same time, many millions of urban Chinese remained living in slums. But, as the urbanization rate in China remains high (approx. 20 million Chinese moves from rural areas each year [5]) this problem is not severe and many so-called "ghost cities" become inhabited. As of 2012, there is 35 sq. meters per person on average and the ...
The U.S. and European governments have argued that acceding to Beijing's demand would be tantamount to a bailout for China. A case in point is Zambia, which owes $6 billion to China and has been ...
In 2019, China's official Gini coefficient was 0.465; various sources have debated the accuracy of this data, with the World Bank calculating 0.385 (2016) after factoring cheaper prices in rural areas while the World Inequality Database reporting higher numbers after factoring in pre-tax income and unreported income of richer segments. However ...
(Bloomberg Opinion) -- China has all but met President Xi Jinping’s pledge to eradicate extreme poverty by 2020. More than 800 counties considered severely impoverished just under a decade ago ...