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.
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.
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.