Workers at a clothing manufacturer in Jianhe County, southwest China’s Guizhou Province, March 1, 2020. Photo: Xinhua
Workers at a clothing manufacturer in Jianhe County, southwest China’s Guizhou Province, March 1, 2020. Photo: Xinhua
Zhou Xin
Opinion

Opinion

Zhou Xin

Why Beijing has no cause for celebration if it reaches the threshold of high-income country

  • The living standards for a great majority of Chinese cannot justify being labelled ‘high income’, as 600 million people still live on a monthly income of 1,000 yuan (US$157)
  • China’s economic decision makers, including Vice-premier Liu He, have made it clear that the middle income trap will remain a real threat in the foreseeable future

Workers at a clothing manufacturer in Jianhe County, southwest China’s Guizhou Province, March 1, 2020. Photo: Xinhua
Workers at a clothing manufacturer in Jianhe County, southwest China’s Guizhou Province, March 1, 2020. Photo: Xinhua
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