China Tries To Censor Data About Nearly 1 Billion People in Poverty::Chinese government censors tried to control discussions about the country’s economy this week.
China Tries To Censor Data About Nearly 1 Billion People in Poverty::Chinese government censors tried to control discussions about the country’s economy this week.
It would be wise to keep the exchange rates and purchasing power in mind. A dollar in America doesn’t get you an equal amount of goods as a dollar’s worth of yuan in China could get you. That being said, from what I gather, most people in China live on an income that is under 2000 yuan a month, and the rest of their income is subsidized with social assistance. Even so, that’s not a great long term economic strategy if people’s basic income isn’t enough to live on.
I checked, it was alleviation of extreme poverty and the success was historically unprecedented in such a short period of time. But that leaves regular poverty, which still isn’t great.
There’s not a single statistic that comes out of the chinese government that’s accurate by any measure.
For reference on their economic numbers versus reality: https://www.moneymacro.rocks/2022-10-27-china-smaller/ Macro economics professor’s report on the matter and the CCP accidentally admitting the fact they doctor all their statistics: https://www.reuters.com/article/us-china-economy-wikileaks-idUSTRE6B527D20101206/ as well as an in depth research report on their reported GDP versus country-wide activity https://bfi.uchicago.edu/wp-content/uploads/2021/07/BFI_WP_2021-78.pdf
China’s GDP is at LEAST 60% smaller than they’ve reported. They’re still the second largest economy but by no means are they ANYWHERE near the USA in economic growth, stability or reliability.
Sure, but what I’m referring to is pretty well established. I’m not talking about anything particularly recent.