American Enterprise Institute on Nostr: nostr:note1cslr9egn4phtuflaqvl5lzy8pdtvtd8g2zlpzqz4uszcn0a9f9ds2v5hu4

quoting note1csl…5hu4

China's Economic Growth, Rising Income Inequality, and the Myth of Poverty Alleviation
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#1eb82161 ver:0.52

China's economy is rapidly growing, but income inequality persists. Despite progress, China's GDP per capita lags behind the US and UK. The real estate sector crisis and lack of policies to stimulate demand contribute to a projected slowdown in economic growth. China is still considered a developing country, facing challenges in employment, education, healthcare, and housing. China's economic growth is significant, but doubts remain about its ability to surpass the US as the world's leading economic power. Income inequality has risen in China, with top earners experiencing faster growth. The CCP's claim of poverty alleviation is a myth, as a large portion of the population still lives in poverty. #China #Economy #IncomeInequality #PovertyAlleviation...

#newstr #China #EconomicGrowth #GdpPerCapita #PovertyAlleviation #IncomeInequality

https://here.news/story/1eb82161?ver=0.52