How China eradicated absolute poverty

April 12, 2021
China has lifted about 800 million people out of absolute poverty and become the second-largest economy in the world. In 1980 China’s per capita GDP was $194.80-10 percent of Brazil ($1,947.28) and 73 percent of India ($266.58). But thanks to years of good economic management and rapid growth, its per capita GDP increased by more than 58 times to $10,216,6 in 2019-nearly 5.45 times of India ($2,099.60) and 1.31 times of Brazil ($8,717.20).… Read More