China eliminates extreme poverty, U.S. does not

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John Richard Schrock

By JOHN RICHARD SCHROCK

American news media often overlook or downplay any news of success in China. But mostly overlooked in the initial stages of the pandemic was a major economic achievement: China totally eliminated extreme poverty nationwide. This makes China exceptional in human history.

According to Reuters, China set the definition of “extreme poverty” at US$1.69 a day or earning less than US$620 a year based on exchange rates. Because the cost of living in rural China is less, this amount is lower than the World Bank threshold of US$1.90.

China’s economic miracle began after Mao’s death, with Deng Xiaoping ending the commune system—so individuals would benefit from their own efforts—and greatly expanding China’s educational system.  This has now resulted in a middle class twice the size of America’s middle class, and still rapidly growing….

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