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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 ...
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 ...
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]
(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 ...
Cash from China's financial system flowed mainly to the affluent Pearl River and Yangtze River Deltas in 2019, while funding for hard hit rust-belt provinces dried up, according to new figures ...
In January, China's Foreign Minister Qin Gang announced a partial and undisclosed cancellation of the $13.7 billion that Ethiopia has borrowed from China since 2000 while visiting Addis Ababa.
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 construction rate exceeds 1.5 sq. meters per year which allow the total living area ...
The direct effects of China's latest stimulus may not kick in until 2025, one researcher says. That's because Beijing needs to ramp up spending in addition to monetary stimulus measures.