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One thing to point out is China still has around 600 million citizens that live in poverty. Just getting them up to current Chinese standards will ensure China
by throwaway32r5y 8y ago
One thing to point out is China still has around 600 million citizens that live in poverty.
Just getting them up to current Chinese standards will ensure China’s economy for awhile.
- ksec 8y ago>One thing to point out is China still has around 600 million citizens that live in poverty. Um.... No. There are now less than 600M people living in poverty around the world. There are now less 30M of Chinese living in poverty. With the aim of getting close eradicating poverty by 2020.
- james_s_tayler 8y agoYou're both correct but relatively so. You're thinking about the poverty line of $1.90 a day, what the late Hans Rosling would refer to as Level 1. And you're spot on. Relatively speaking though anyone living on level 4 feels like level 2 or 3 is 'poverty' in comparison. From that perspective there is still a lot of potential upside and maybe that's what the parent was trying to say?
- ksec 8y agoThanks to all those downvoting and not giving a reply. Figures came out of Wiki and other World Data sources. As much as I dislike the idea of how we define poverty, that is how most of the economist today are defining them.
- DeonPenny 8y agoYeh but with what. Manufacturing from exports is basically saturated, construction is saturated, public works is saturated. Yes you have 600M people but what will you do with them all.