The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
Real wage (i.e. the wage adjusted for the prices you pay) has gone up 4x in the past 25 years, more than any other country. This is staggering considering it’s the most populous country on the planet. https://www.youtube.com/watch?v=Cw8SvK0E5dI
So your home is tied to where you were born. If you move to the city for a better life, but it doesn’t work out the state well fox your homelessness by shipping you back to where you came from.
The hukou system is broken, but it’s good to see that it’s being noticed and they are attempts to fix it
Fair enough on the goal post moving, but I’ll leave you with this, how would you feel if all your social services including residence we’re tied to the county you were born into?
Oh no, the rich still own heaps of land
Not nearly as much, and without a massive homelessness problem.
Add I’ve pointed out to you before the GINI disagrees with you.
oh no the lib bible disagrees in face of all evidence, must be true 🤣
What evidence 🤡
this evidence ignoramus
90% of families in the country own their home giving China one of the highest home ownership rates in the world. What’s more is that 80% of these homes are owned outright, without mortgages or any other leans. https://www.forbes.com/sites/wadeshepard/2016/03/30/how-people-in-china-afford-their-outrageously-expensive-homes
Chinese household savings hit another record high in 2024 https://www.wsj.com/livecoverage/stock-market-today-dow-jones-bank-earnings-01-12-2024/card/chinese-household-savings-hit-another-record-high-xqyky00IsIe357rtJb4j
Social mobility in China being far better than in the US https://www.nytimes.com/interactive/2018/11/18/world/asia/china-social-mobility.html
The typical Chinese adult is now richer than the typical European adult https://www.businessinsider.com/typical-chinese-adult-now-richer-than-europeans-wealth-report-finds-2022-9
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
From 2010 to 2019 (the most recent period for which uninterrupted data is available), the income of the poorest 20% in China increased even as a share of total income. https://data.worldbank.org/indicator/SI.DST.FRST.20?end=2019&%3Blocations=CN&%3Bstart=2008
Real wage (i.e. the wage adjusted for the prices you pay) has gone up 4x in the past 25 years, more than any other country. This is staggering considering it’s the most populous country on the planet. https://www.youtube.com/watch?v=Cw8SvK0E5dI
Meanwhile, billionaires are fleeing China https://www.firstpost.com/explainers/china-billionaires-declining-rich-list-13830670.html
No? Homelessness rates are extremely low in China.
So your home is tied to where you were born. If you move to the city for a better life, but it doesn’t work out the state well fox your homelessness by shipping you back to where you came from.
The hukou system is broken, but it’s good to see that it’s being noticed and they are attempts to fix it
It’s both a dramatic improvement on what was before, and the PRC’s homeless rate is incredibly small. You disproved nothing, and are moving goalposts.
Fair enough on the goal post moving, but I’ll leave you with this, how would you feel if all your social services including residence we’re tied to the county you were born into?
I think you have a very confused idea of China and need to turn off Fox News.
You clearly still haven’t looked into how the hukou system works. I would urge you to listen to the sinica podcast