China’s Wealth Is an Illusion: 220 Million Earn Under $70/Month, Some Less Than 30 Cents a Day
China’s Wealth Is an Illusion: 220 Million Earn Under $70/Month, Some Less Than 30 Cents a Day
Udumbara
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The gap between official data and real-life poverty is staggering. According to the Ministry of Civil Affairs, as of October 2023, China only had 66 million low-income people. However, data from China International Capital Corporation shows that there are 220 million people with a monthly income below 500 yuan.
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