this post was submitted on 30 Dec 2023
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China Tries To Censor Data About Nearly 1 Billion People in Poverty (www.newsweek.com)
submitted 10 months ago by L4s to c/technology
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China Tries To Censor Data About Nearly 1 Billion People in Poverty::Chinese government censors tried to control discussions about the country's economy this week.

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[–] [email protected] 4 points 10 months ago (1 children)

It would be wise to keep the exchange rates and purchasing power in mind. A dollar in America doesn't get you an equal amount of goods as a dollar's worth of yuan in China could get you. That being said, from what I gather, most people in China live on an income that is under 2000 yuan a month, and the rest of their income is subsidized with social assistance. Even so, that's not a great long term economic strategy if people's basic income isn't enough to live on.

[–] feedum_sneedson 8 points 10 months ago (1 children)

I checked, it was alleviation of extreme poverty and the success was historically unprecedented in such a short period of time. But that leaves regular poverty, which still isn't great.

[–] [email protected] 6 points 10 months ago (1 children)

There's not a single statistic that comes out of the chinese government that's accurate by any measure.

For reference on their economic numbers versus reality: https://www.moneymacro.rocks/2022-10-27-china-smaller/ Macro economics professor's report on the matter and the CCP accidentally admitting the fact they doctor all their statistics: https://www.reuters.com/article/us-china-economy-wikileaks-idUSTRE6B527D20101206/ as well as an in depth research report on their reported GDP versus country-wide activity https://bfi.uchicago.edu/wp-content/uploads/2021/07/BFI_WP_2021-78.pdf

China's GDP is at LEAST 60% smaller than they've reported. They're still the second largest economy but by no means are they ANYWHERE near the USA in economic growth, stability or reliability.

[–] feedum_sneedson 2 points 10 months ago

Sure, but what I'm referring to is pretty well established. I'm not talking about anything particularly recent.