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More than 20% of Chinese made less than $100 a month

According to the 46th China Internet Development Survey Report , as of June 2020, the number of Internet users in China is 940 million, with an Internet penetration rate of 67.0%.
Among them, 2.85 billion are rural Internet users, accounting for 30.4% of all Internet users. The proportion of Internet users with an average monthly income of 2001-5000 yuan was 32.6%.

The proportion of Internet users with a monthly income of $5,000 or more was 24.2%, while the proportion of those with a monthly income of $1,000 or less was 21.0%.

Monthly income includes [the following]:
Student income includes family-supplied living expenses, frugal wages, scholarships and other income.;
The income of agricultural, forestry, fishery and animal husbandry labourers includes the living expenses provided by their children, income from agricultural production, government subsidies and other income.;
The income of the unemployed/redundant includes living expenses provided by their children, government relief, subsidies, widow and orphans' pensions, and low income security, etc.;
Retiree's income includes living expenses provided by children, pension, etc.

#China #LowIncome #Poor #MakeLessThan100 #LargePopulaion

Source: HKLIG
Cyberspace Adminstration of China

Translated by: Hong Kong Echo
China’s Communist Party Goes Back to Basics: Less for the Rich, More for the Poor

China gave priority to economic growth for most of the past 40 years. Now, Xi Jinping is signaling plans to more assertively promote social equality, as he tries to solidify popular support for continued Communist Party rule.

The push is captured by a catchphrase, “common prosperity,” now appearing everywhere in China, including in public speeches, state-owned media and schools—and in comments from newly chastened business tycoons like Jack Ma.

Like many Communist party slogans, details remain vague. But officials and analysts who have tracked the phrase’s use say it is meant to convey the idea that leaders are returning to the party’s original ambitions to empower workers and the disadvantaged, and will limit gains of the capitalist class when necessary to address social inequities.

Source: WSJ #Aug18

https://on.wsj.com/3syHbHc

#China #CCP #Rich #Poor #XiJinping