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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 ...
China's Premier Li Qiang and dozens of world leaders will meet in Paris on Thursday and Friday to discuss ways to help low-income countries manage their debt burdens and free up funding for ...
China has been one of the fastest growing economies in the world since the implementation of its reform policies in the late 1970s. This economic growth has been accompanied by a rapid increase in income inequality that China's Gini coefficient increased from 0.310 in 1981 to 0.468 in 2018. [1]
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 ...