China’s Two Development Miracles
And the lessons to be learnt
Observing the entire course of China’s reform and opening-up in the past four decades, one concludes that the country has performed not only an economic growth miracle but also a social stability miracle – the former is the primary reason for the latter. One of the best manifestations of such development has been China’s poverty alleviation results. In 1981, China’s population accounted for 22.4 percent of the world population but Chinese people were living on less than $1.91 and in 2011 they made up 46.4 percent of the world poor. In 2018, China’s population accounted for 18.4 percent of the world total, but there were hardly any people in China who were living in absolute poverty.
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