Is China rich or poor? Why?

Mudassir Ali
Feb 29, 2020 06:47 AM 0 Answers
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Mudassir Ali
- Feb 29, 2020 06:48 AM

As a country China is very rich , Or can be said to be Chinese goverment (Chinese Communist Party)is very rich , There is no doubt , but for their people China still is a poor country Absolute, remember, there are at least 300 million people still living under below the poverty line in china !!

Although in the past three decades ,china’s economy has made such greatest achievement ! but with economy Developing so fast , More and more social problems appeared ,Now one of the biggest problems of the chinese society is the gap between rich and poor constantly increasing , corruption constantly increased (Although Chinese President xi jinping and the communist party said anti-corruption, but if not fundamentally change China’s political system, it is difficult to have the effectiveness)

Less than 1% total population of the Chinese super rich and powerful people, in controled 80 % – 90% of the social wealth ! China’s gini coefficient has been close to 5.0 ,( Which is a very dangerous signal to the chinese society ),The gap between the rich and the poor are still in the further enlarge !

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