Comment on China Tries To Censor Data About Nearly 1 Billion People in Poverty

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dangblingus@lemmy.dbzer0.com ⁨10⁩ ⁨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.

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