>>510636908>>510637531Yeah, China still has a lot of poor people, especially in the deep interior. Although, keep in mind that
(a) he said this in 2020, and the statistics were from the previous year (2019). Chinese wages have grown on average at a rate of about 6.5% per year since then
https://tradingeconomics.com/china/wages
(b) a dollar's worth of yuan in China gets you a lot more than a dollar in the US, *especially* in the deep interior
(c) the implication is that China has 800 million people whose income is above 1000 yuan per month
>Their poverty rate is like 80%. Our poverty rate is 10%.The concept of "poverty rate" is not standardized between countries, so they cannot be compared. If you use the World Bank international definition of poverty rate ($3/day), China's poverty rate is close to 0%, as is the US' poverty rate
https://pip.worldbank.org/country-profiles/CHN