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China has achieved poverty reduction unparalleled in human history. In 1981 around 88% of the Chinese population lived in extreme poverty. It has now declined
by INGELRII 7y ago
China has achieved poverty reduction unparalleled in human history. In 1981 around 88% of the Chinese population lived in extreme poverty. It has now declined into 2%. This happened parallel to the extreme increase of inequality. China has experienced a modest decline in inequality since 2008 as the economic growth has hit into trouble. 2/3 of the world poverty reduction between 1990 and 2005 was because of China.
Increase of inequality can't have increased poverty, but maybe you argue that it could have been reduced even faster and China didn't break records fast enough.