Poor by definition

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Poor by definition

Postby long_way » Fri Dec 02, 2011 2:23 pm

China’s economy
Poor by definition
China’s government offers relief to the poor and to the economy

Dec 3rd 2011 | HONG KONG | from the print edition

SINCE 1978 China has liberated more people from poverty than any other country in history, partly because China before 1978 consigned more people to poverty than anywhere else in history. But this week China added over 100m to the ranks of the poor. This was not the result of some economic calamity, but of the government’s welcome decision to relax its definition of rural poverty. About 128m Chinese countryfolk earning less than 2,300 yuan ($361) a year will now be deemed poor, compared with the 26.9m who fell beneath the previous poverty line of 1,196 yuan.

Read the whole article:

http://www.economist.com/node/21541080? ... definition
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