原文标题：Two faces of China: 20 facts on the rich-poor divide
China has seen phenomenal growth in the last couple of decades to become the world’s second largest economy. Today, it has the maximum number of billionaires after the United States. China and Hong Kong together are home to 115 billionaires. However, China’s wealth has not been distributed uniformly among its citizens. According to Credit Suisse analysts, the rich-poor divide in China is at levels similar to Africa. One of the biggest drawbacks of the economic boom is the growing disparity between the 1.3 billion-urban and rural population.
The government now plans to address the woes of the poor. With an aim to end poverty in the next 10 years, it has charted out a plan from 2011-20 to improve living conditions and raise the income levels of the poor.
China is set to achieve another five years of high growth although inflation threatens social stability and must be tamed, President Wen Jiabao said last week. Today, China’s richest citizens hold hidden assets to the tune of $1.4 trillion.
According to the World Bank, about 500 million Chinese still live on less than $2 per day. 61 million or 4.6 per cent of Chinese are considered below the national poverty line.
China is now the world’s second largest luxury goods market, with sales up 12 per cent in 2009 to $9.6 billion, accounting for 27.5 per cent of the global market, according to consultancy Bain & Co.
In China’s State Council poverty alleviation plan, the country’s poverty line of 1,196 yuan per year (about $0.5 a day) will be raised.
One of China’s most glaring social problems – the growing gap between rich and poor – has the stability-obsessed government worried that if this gap keeps growing, it will fuel social unrest and violence in the world’s most populous nation.
The average per-capita income for the richest 10 percent, at 97,000 yuan, was 65 times of that of the poorest 10 percent. The average age of China’s wealthy is 39 years, roughly 15 years younger than their counterparts outside China and their wealth is growing more rapidly.
There are about 240 million migrant workers in China. The number is expected to reach 250 million by 2012 and reach 400 million by 2025. China’s fast paced cities overburden workers and are known as ‘factories without chimneys’.
By 2025, China’s urban population is expected to be three times that of the US. China is also the world’s largest car market and the biggest energy consumer.
Round-the-clock construction is transforming muddy ground into what officials boast will be the world’s largest financial zone, a monument to the ambitions that have driven China to dizzyingly fast growth.
China has set its GDP target for 2011 at 8 percent, one percentage point lower than last year. The country aims to hold inflation at around 4 per cent in 2011.
China’s economic boom has resulted in stark social and health inequity amongst its population, and experts have urged the Chinese government to reform its medical and pension system in an effort to bridge the gap between the poor and rich.
The wealthy Chinese now go for brand new jets. Billionaires in China own about 200 private planes.
China’s rural population will shrink from the current 900 million to 400 million in 30 years.
Fine wines is becoming the latest symbol of luxury among China’s emerging class of newly rich. China does make its own wine, including brands like Great Wall and Dynasty, but it lacks the cachet and quality of a good French vintage, experts say.
Poverty has affected several aspects like environment, health, education, housing, nutrition and agriculture in China. It has disturbed families and communities and forced millions from the poorer regions to the cities in search of work.
The gross domestic product in China expanded 9.80 per cent in the fourth quarter of 2010 over the same quarter last year
A widening gap between rich and poor, widespread corruption, illegal land grabs and official abuses of power have fuelled a growing number of demonstrations and riots around China, often sparked by seemingly minor issues.
In China, wealth is being accumulated by the rich at a rate that is growing by 12.3 per cent a year, twice the global average.
China’s 30-year economic boom has transformed its coastal cities and brought a marked increase in the standard of living of urban residents. But China’s rural households, especially in inland and western regions, have largely been left behind.
From 1989 until 2010, China’s average quarterly GDP growth was 9.31 per cent hitting a high of 14.20 per cent in December 1992. The average urban disposable household income in China is 32,154 yuan.
China’s middle class population (those with annual income of at least $17,000) has now reached more than 100 million, while the number of super-rich individuals worth more than 10 million yuan ($1.5 million) is estimated to be 825,000, according to Hurun Report.
China has become the world’s fastest growing major economy, world’s largest exporter and second largest importer of goods. It is the world’s second largest economy by both nominal GDP and purchasing power parity.
China’s success has been attributed to being a low-cost producer. Cheap labour, good infrastructure, high productivity and a favourable government policy, an undervalued exchange rate has worked in its favour. China now ranks 29th in the Global Competitiveness Index.
The only solution is PROUT not capitalism
by tapan biswas (View MyPage) on Mar 19, 2011 07:45 PM
If capitalism makes a man a begger , then communism makes the begger a beast.
Neither is the solution of humanities economic woes …. the only solution is PROUT. Progressive Utilization Theory
Poverty in China
by Naren Kumar (View MyPage) on Mar 14, 2011 08:10 AM | Hide replies
No country can make 100% of its citizens educated or rich. There will always be people who suffer from poverty, ill-health in any soceity due to various reasons, some will be lazy, some will be less or no intelligence, or just their karma.
Re: Poverty in China
by HRM (View MyPage) on Mar 14, 2011 08:18 AM
but, the laws of karma will produce devastating results like in India. Intelligence is universal. Upper caste cannot allocating karma rules strictly on the lower caste and brand them idiots
by HRM (View MyPage) on Mar 14, 2011 08:03 AM
caste is the only fact governing the rich and the poor divide in India
Be thankful that we have democracy
by adam simon (View MyPage) on Mar 14, 2011 02:39 AM | Hide replies
People in india dont deserve democracy. Look at the comments .Always finding fault. Remember grass always looks greener other side of fence.
Every country has its problem. We need to unite and fight for change. Our problems does not make china a better country. China too has its problems.
Think if india was communist country like china you would be in jail to post comments against government.So respect the freedom this great country has given you.
by arungopal agarwal (View MyPage) on Mar 11, 2011 12:16 PM
Poverty in china may be more comparing to India, but discipline is superb, whereas our leaders and govt. babus are highly concerned with their rights without observing duties and discipline.
by Zero h (View MyPage) on Mar 11, 2011 10:45 AM | Hide replies
So, as per you the person who have 8-10 houses have to give it to the person with 10-12 children and 1 house? If you cannot give proper food and protection for ur children why u went for it??? A condom will cost 2.50 rs only. Thats whats the problem with people like you. Going for pleasure and crying for help from Govt. Get educated….
Two faces of china
by Namakkal Raghavendran (View MyPage) on Mar 11, 2011 06:57 AM | Hide replies
I am very amused to read all the scathing remarks about our country and comparing their growth with ours. Why are we forgetting that we can write all this without being jailed for a single comment like this?
50 crore Chinese (about 40 % of the population) live on
by piri (View MyPage) on Mar 11, 2011 12:07 AM | Hide replies
less than 2 $ per day income.
But, according to the same WB, 56 % of Indians live on less than 1 $ per day !!
And the no. of Indians living on less than 2 $ per day is 83 % !!!
Talk of an over used pot calling the kettle black !!
Re: 50 crore Chinese (about 40 % of the population) live on
by venu sense (View MyPage) on Mar 11, 2011 06:53 AM
That’s rubbish. You are just trying to distract attention from disparities in china.
Re: Re: 50 crore Chinese (about 40 % of the population) live on
by rocky (View MyPage) on Mar 11, 2011 07:29 AM
truth is bitter.. there may be two faces of china.. whereas in the case of india there is only one face and that is poverty..
imagine 50% of mumbai population live in slums… atleast the chinese are trying to bridge the gap between the rich and poor..
Re: Re: Re: 50 crore Chinese (about 40 % of the population) live
by Azad (View MyPage) on Mar 12, 2011 06:24 PM
80% of Mumbai’s Population lives in slums… that is why Mumbai is called SLUMBAI….
by [email protected] (View MyPage) on Mar 10, 2011 10:28 PM
is indeed a serious social problem in China.
the worse,more and more rich men worry the possible social unrest and emigrate from China.
China is 50 years ahead of India
by Krishna Sahu (View MyPage) on Mar 10, 2011 06:09 PM | Hide replies
60% of indian population is below poverty line.
Rich beggars !
by om shanti (View MyPage) on Mar 10, 2011 05:46 PM | Hide replies
I have seen such beggars in the streets of China,but there are very few of them.
I have noticed one thing,they all look well fed and very strong,they wear complete clothing from Jacket,Jeansuto shocks and Sh0es.These are beggars by choice,they donot want to work,just want to earn money easy way or mostly in the age of 70 plus.No young people beg in China…
Compare this with Indian beggars,what is their living condition and how many are found in one small town itself !!
Re: Rich beggars !
by Rationalist (View MyPage) on Mar 11, 2011 12:30 PM
In China and other cold countries warm clothing is a necessity. That does not mean beggars there are rich.
Re: Rich beggars !
by Kalyanasundaram Venkatesh (View MyPage) on Mar 11, 2011 06:38 AM
agreed with you. This is the reality of china.
now, compare it with india, in every city there are so many slums where poor people are producing kids like rats and unable to feed them and so kids are roaming on the road along with their parents begging. This could only be seen in India.
Shanti, i still do not understand on why most of our people dont want to accept the realities about our country but only happy to live in the ‘dreamland’ reading the hype articles.
Funny an Indian media talking about rich – poor devide
by Parichay (View MyPage) on Mar 10, 2011 05:45 PM
India a country where 22% of yearly GDP growth is shared by 640 people is talking about this … ha ha ha.
You call them poor?
by sreejit steve (View MyPage) on Mar 10, 2011 05:17 PM
Fully-clothed, healthy-looking poor ones on streets of China..Compared to them, India’s poor look dirt-poor of nth order..no clothes, skinny and half-dead, squatting on streets
The Rich-Poor Divide
by Sibaram Bhattacharya (View MyPage) on Mar 10, 2011 03:47 PM | Hide replies
We should look at our own nest first. Unequal wealth distribution is a fact of India’s poor rich divide. Our politicians are gr8 in the name of democracy(so called hypocrisy)they are looting our country. Our enemy is our politicians. Moreover India is now operating by an Italian Lady. Wow what a woman empowerment!
In Delhi while the school goers are indulging in uncontrolled sex then in a remote village or slum dwellers are not able to send their children for higher studies due to lack of money.
What a copy of American society! God bless India.
Two faces of China: 20 facts on the rich-poor divide
by blogged (View MyPage) on Mar 10, 2011 03:34 PM
Why this title? As if India is not having division. We have multiple faces Its the Rich, Poor, Poorer, Poorest, Corrupt, Cowards (do not have any value in G20, UN security council. Indias words not even heard by the neighbors….. When u have a dead elephant on our plate and we are telling the other guy that he has a fly in his cup of tea…
Growing economy 9%, but whats the % below poverty. what is economic distribution?
by om shanti (View MyPage) on Mar 10, 2011 03:24 PM | Hide replies
Why western countries are so much concerned about China? Why they donot mind their own business ?
Nothing China specifics..
by VB S (View MyPage) on Mar 10, 2011 03:14 PM | Hide replies
The article shows things which are in every country and can’t be China specific.
No doubt China has done remarkabley well and economy is boomed as an example setter. We have a lot to learn from China. It seems that there is going to be focus on more people centric initiatives too.
Hope China looks at democratic values and people’s right too with freedom of speach and expression.
Looks like india
by Netra Maithun (View MyPage) on Mar 10, 2011 03:12 PM
Looks like India…. Our mirror – India Shining