Re:Tesla Strikes Deal With Shanghai to Build Factory in China
by pcnonpc on Monday October 23, 2017 @10:17AM
(#15533309)
I answered the comment which used "extremely poor" and "subsistence farmers" so I used the international poverty line ($1.90). At $3.2 (World Bank's lower middle income poverty line), it was 12.1% or 160 million people, but that was 2013. The number dropped rapidly every year. It should be lower now.
http://povertydata.worldbank.org/poverty/country/CHN
Purchasing parity is a good measure for living standards. You can buy a full meal for 10 yuan or $1.5 in rural China. It is not fair to measure their income with no adjustment. Cooking for a family may cost less than that. $1 in rural China is worth much more than $1 in the US.
Your quotes were from 2014. China is improving every year. You can Google for more recent statistics and quote them here if you disagree.
Re:Tesla Strikes Deal With Shanghai to Build Factory in China
by dx034 on Monday October 23, 2017 @11:15AM
(#15533771)
Wages aren't worth anything without purchasing power parity. You'll have trouble surviving on $10/day in the US (incl. housing) but will be fine in many other regions of the world, including most of India and China.
75% of China's middle class is in the $2 to $10 per day income bracket. And that's their middle class, the bottom 1/3 are even worse off.
https://chinapower.csis.org/china-middle-class/
(Oct 2014)
“Poverty is still a salient problem in China,” Zheng Wenkai, a vice-minister at a government office responsible for poverty alleviation and development, said at a news briefing Tuesday, according to the state-run China Daily newspaper. About 200 million Chinese, or 15% of the country’s population, would be considered poor by international poverty measures, set at $1.25 a day, Mr. Zheng added.
https://blogs.wsj.com/chinarealtime/2014/10/15/more-than-82-...
Two simple questions that make the point easily:
What's the median income, in non-purchasing parity terms, for the bottom 50% of people China?
How many people does China have living below $5 per day, in non-purchasing parity terms?
Answer those please.