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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by throwaway1777 on Friday November 13, 2020 @02:32PM (#25086399)
China is a split society. Many are still in poverty, per capita gdp is very low. However it’s a huge country and several hundred million now have western standard of living.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by whimsicalism on Friday November 13, 2020 @02:34PM (#25086418)
This is definitely true, although it is worth noting that many of those in rural poverty have also seen huge improvements to their condition (number making under $2 PPP/hr has gone from 700 million to 2 million in a matter of 2 decades) and many of the cities in traditionally rural provinces are booming.