Human Development Index ( Hdi )

2211 WordsOct 18, 20169 Pages
After market reforms where announced in the late 1970s by Deng Xiaoping (paramount leader), China has been among the most rapidly growing economies in the world. Although having serious natural resource scarcity this growth has been speared headed through 80% of china’s exports are manufactured goods making china heavily dependant on international markets (export-led) . The Gross Domestic Product per capita (GDP) of china in 1962 was at record lows of 130.14 USD, since market reforms, China regularly exceeding 10% GDP growth annually (figure 1) and was last recorded at 6416.18 US dollars in 2015 . Gross national income (GNI) is the total income received by all households, including that earned in foreign countries. China is ranked 113th in 2013 in the world having an $11,850PPP and although GNI does not measure economic development it is used to measure the ability to buy goods and services . Human development index (HDI) is a composite indicator measurement based on life expediency, education and standard of living GDP, chia in ranked 101st in the world . This growth has led to an increase in the standard of living and a decline in poverty. As differences in the cost of living across the world evolve so does the poverty line. Since 2008, the last update, the poverty line has increased $0.25c to $1.25. As of October 2015, the line has further increased $0.65c to $1.90 . Therefor, between 1981 and 2008, the amount of China 's population living on less than $1.25/day is
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