Will China become a high-income country? - CaspianReport

[TexasTowelie]

Beijing aims to rewire its economy so that household consumption, not state-driven investment, becomes the main driver of growth.

[Irish_Dem]

1. If the Chinese people have more money to spend, China will be the strongest economy in the world?

Especially now that Trump is trashing the US economy.

[Bernardo de La Paz]

2. It's actually a good way to world peace. Both Chinese and Americans want to watch football: both kinds.

Comfortable consumers are less susceptible to militaristic nationalism.

[comradebillyboy]

3. China is vastly more prosperous now than

it was in the aftermath of Mao's disastrous "Great Leap Forward". But they still have huge problems to overcome on their way to prosperity.

[thatdemguy]

4. China is like every other country, you have rich and poor

Sure the people around cities and jobs will have money. But they still have the super rich and super poor at both ends, and it will always be that way. The ones that live in remote villages are living a substance life style, they will never have more than they need and a lot of the time will have less than do need.

I have known a couple that have spent many months there over the years. They go to remote villages and travel outside the cities. They have been to villages that the entire village lives on a few dollars a day, and we are talking villages of 100 or more people. When they go travel they bring items that the villages just cant afford and they give them out. They told me a story of one village that got so desperate for protein that they killed their male pig and were taking the female to another village to try to get her pregnant. The one thing they found was really needed was just needles and thread to fix clothing, in the village none of the kid wore clothes as they did not have any and could not repair what they had.