Of course if they used our poverty guidelines, it would be closer to 90%.
The Shanghai Stock Exchange index rose 130 percent in 2006.
And it will do the same in 2007 and 2008.
China must feed 21% of the world's population using about 7% of the world's arable land.
The amount of arable land in China actually decreased during the 1980's, as cropland was appropriated for new rural housing and urban expansion.
Source: U.S. Army Area Handbook: China
and international trade agreements do not classify China as a developed country.
Who is the largest exporter, I wonder?
I saw an article, or maybe news story, a while ago that mentioned that hair dressers, waiters, etc are all investing in the Chinese stock market.
The report paralleled it to the tech stock boom here in the 90’s. They were predicting the same type of crash we had as well.
After seeing your 130% growth in one year, makes me wonder when their bubble is going to burst.
Wow! Those 800 million peasants in the rural area are all middle class now. Gee. Great! What about the tens of millions in the "floating population?" How are they doing?
China's floating population has increased from 70 million of 1993 to 140 million of 2003
Hey! Turn around you guys are going in the wrong direction! Can't you read? Dummies.
I think Christianity is growing faster in China than any other country.
The last estimate I saw was 80 to 100 million Christians in China.
Just some additional trivia, for the month of August, China surpassed Germany to become the largest exporter and is expected to be the third largest economy for 2007 in nominal GDP.
Some estimates predict China will have the largest nominal GDP by 2025.