• Bernie2028@midwest.social
    link
    fedilink
    English
    arrow-up
    0
    ·
    1 year ago

    Lol. $845/yr is the number the CCP conveniently made up to make poverty rates seem lower than they actually are. If the poverty line was the same as comparable countries to China, it would be almost double ($5.50 a day instead of $2.30, or adjusted for PPP $8k/yr instead of $3.3k).

    Despite the fact that China is classified as an upper-middle income country, China’s official poverty line is only a little higher than the universal global poverty line. Applying the World Bank upper-middle income poverty line of $5.50/day to China would mean almost a quarter of Chinese still live in poverty.