Comment on China Tries To Censor Data About Nearly 1 Billion People in Poverty
feedum_sneedson@lemmy.world 8 months agoI haven’t looked since 2021 but I was under the impression that poverty alleviation in China had been remarkable and almost single-handedly responsible for making it look like the UN hit the Millennium Development Goals or whatever they were called. Maybe it’s a matter of degree, and people are still poor but not ultra poor?
dangblingus@lemmy.dbzer0.com 8 months ago
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.
feedum_sneedson@lemmy.world 8 months ago
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.
trackcharlie@lemmynsfw.com 8 months ago
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: 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: reuters.com/…/us-china-economy-wikileaks-idUSTRE6… as well as an in depth research report on their reported GDP versus country-wide activity bfi.uchicago.edu/wp-content/…/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.
feedum_sneedson@lemmy.world 8 months ago
Sure, but what I’m referring to is pretty well established. I’m not talking about anything particularly recent.