Sunday, June 13, 2010
China's Poverty
As countries have experienced economic growth, poverty rates have declined, though discrepancies exist between countries and regions. Poverty rates in China have declined significantly, from 60 percent of the population in 1990 to 16 percent in 2007.
Rapid growth and urbanization have been central to China’s poverty reduction in the past 25 years, as have a number of reforms, including the opening of the economy to global trade and investment. Even as the overall level of poverty has dropped, inequality has increased, and remaining poverty has become concentrated in rural and minority areas.
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