China: rich country, poor country

So we all know that China is getting richer at an impressive pace. And that’s made some people phenomenally wealthy: China now has more than a hundred billionaires and the average income in the coastal city of Macao is now around $90,000. However, this is a rising tide that has not lifted all boats: the average income in the Southern region of Yunnan is less than $1,000.

Advertisements

One thought on “China: rich country, poor country

  1. Pingback: The case against Chinese Democracy is bogus | Matter Of Facts

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s