POST COLD WAR WORLD
RISE OF CHINA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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80%
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83%
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7%
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85%
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Detailed explanation-1: -In the early 1980s, 94 percent of China’s rural population and 44.5 percent of its urban population lived on less than US$1.25 a day.
Detailed explanation-2: -Using the poverty standard of $1.25 per person per day, the incidence of poverty in China declined from 85 percent in 1981 to 27 percent in 2004, a reduction of slightly more than 600 million people.
Detailed explanation-3: -Alternatively, using the World Bank’s $1/day income measure, the number of poor is estimated to have dropped from about 490 million to 88 million over the same period, a decline in poverty incidence from 49 percent in 1981 to 6.9 percent in 2002.
Detailed explanation-4: -This is because the Chinese government greatly understated the extent of rural poverty in 1978. Based on my esti-mation, the incidence of rural poverty was reduced from 75.5%–100% (596–790 million people) to just 6.7%–13.2% (57–114 million people) over the period 1978–96.