Does the present economic status of China mean economic prosperity for the common people there? Any idea?
This is an indication that depite the economic prosperity China has ...more
1)Unlike India, China s growth story is not all tall claims. China has been able to successfully transform the scorching economic growth of 10% plus per annum of the past three decades into economic prosperity for its billion strong populace. Please check the following statistics.
2)China s present per capita income is about USD 3, 677 (2009) which is about three times higher than that of India.
3)Poverty in China fell from 53% in 1981 to 2.5% in 2005. That is no lesser than a miracle.
4)Some skeptics still argue that about 10.8% of the total populace still lives @USD 1 per day.
5)Rest of the things like sound infrastructure, job opportunities, health care, education etc need not be elaborated here. China today boasts of world class facilities.