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I mostly agree with your points. Social inequality in China is pretty serious, and it’s gonna take a lot of smart policy moves to fix it. But when we compare C
by yanhangyhy 1y ago
I mostly agree with your points. Social inequality in China is pretty serious, and it’s gonna take a lot of smart policy moves to fix it.
But when we compare China to other countries, we do have to consider some unique factors. The cost of living in China is really low, which means that even if people have similar income levels to places like Thailand, their actual quality of life can be better in some ways. For example, China’s “vegetable basket project” keeps food prices super low across the country. There’s no property tax, firefighting services are free, and rural healthcare is cheap—even if it's not on par with what you'd get in big cities.
That said, the government still needs to do more to boost domestic consumption. The current setup is okay, but it’s still nowhere near the living standards in developed countries.