this post was submitted on 30 Dec 2023
291 points (84.7% liked)

Technology

60008 readers
2599 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
291
China Tries To Censor Data About Nearly 1 Billion People in Poverty (www.newsweek.com)
submitted 11 months ago by [email protected] to c/[email protected]
49 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 11 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.

[–] [email protected] 8 points 11 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 11 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.

[–] [email protected] 2 points 11 months ago

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