Poverty in China

Communism in China as we know has played a major role in the countries political system over the past century. Chen Duxiu and Li Dazhao were the co-founders of the communist party in 1921. At the time China was in a world or turmoil ever since the end of the Qing Dynasty in 1911. For 10 years China was lost in a world with new ideas coming from all over the world. At the time, Duxiu and Dazhao saw an opportunity to bring change throughout a weakened China and they exploited it. The communist influence being brought by them and powers such as Russia influenced the Chinese way of thinking that Communism had new beliefs of the world and that all people should be seen as equal under the new government. Personally I am a very strong believer in

In conclusion, I think that China should change its policy because it is damaging not only the U.S. economy but the economy globally. Countries such as the United States are still recovering from the economic recession we are still leaving in. It is obvious that if China let the Yuan appreciate their exports will decrease and imports will increase making their trade surplus to decrease. If this happens international countries will be grateful because by this happening means that their export will increase and employment will increase. Countries should avoid doing currency manipulation or artificially devaluing their currency because it just hurts the global economy and it promotes other countries to do the same – it hurts everyone.

Inflation in China accelerated in november, as economic growth picked up and food prices rose. Chinese consumers paid 2% more for good and services in november then they did a year ago, the government's national bureau statistics reported on a Sunday. While that up from a 1.7% annual increase in october, it nevertheless represents tame inflation for the world's second largest economy. A year ago the country was experiencing an annual inflation rate at 4%. the Chinese government prefers to keep its annual inflation rate below 4%- a level it seems as consistent with health economic growth and consumer demand. The inflation rate averaged 4.23 percent reaching an all time high of 27.70 percent in october of 1994 and a record low of -2.20 percent in march of 1999. in china the most important components of the CPI basket are food at 31.8 percent of total weight and residence at 17.2 percent. Recreation, education and culture articles account for 13.8 percent; transportation and communication for 10 percent, healthcare and personal articles at 9.6 percent, clothing at 8.5 percent; household facilities, articles and services for 5.6 percent; tobacco liquor and articles for the remaining 3.5 percent. The CPI basket is reviewed every five years on the basis of household surveys. Revisions reflect new spending patterns and economic development, according to the nation bureau of statistics.

Third, Chinese currency appreciation makes Chinese products more expensive to developed countries. In 1994, the dollar-to-yuan exchange rate for was 8.7, and 18 years later, the rate has decreased to 6.3, which means Americans have to pay 28% more to buy the same “made in China” products. Furthermore, the regulations and tariffs western countries have imposed on China make export more difficult and costly.

In the article, “The Filth They Breath in China,” author, Michael Auslin, discusses the health concerns that citizens in China are forced to face, and how the country put itself in that position. China positioned the importance of its economic success, above the health of its people. The air quality has reached a state where people are urged to stay inside in order to avoid the dense smog. Also, industries have dumped an immense amount of waste into water sources, causing them to be unsafe for public use. These extreme living conditions should catch the eye of those living in the United States, in order to prevent the same from happening to them.

In India, some of the worst off will earn daily wages by scouring through piles of trash looking for recyclables to sell for money. The definition of wealth in the slums is determined by a person’s ability to afford shelter for their plastic. 60 million Indians live in the Urban slums and 300 million under the World Bank poverty line - $1.25 per day (91). In china, the poor face the same issues. Although China has made considerable efforts to help out their poor, but their efforts continue to fall short. As living conditions continue to stay rough, people continue to move towards the cities, farmers are abandoning their land and crops in search for higher incomes. However, for a while, the migrants were rejected city services. Often children and spouses are separated for long periods of time, in most cases young parents are forced to send their children home to their village while they work in city factories in order to send money home. A large issue is that people in China are historically unaware of the labor laws that the should be followed (94). In both countries, even when people are aware of the social services they could receive, most are not allowed to get bank accounts, the only means they would have to receive government compensation. Plus, both countries have historical caste systems that often prevent any economic mobility (98). Most of the time, caste systems will determine where

Another vital thing the two countries still do not agree on is human rights. Many Americans do not agree with the Communist government and the government having the power to control how many babies people can reproduce or the lack of freedom of speech in China, just like the Chinese does not agree with many of our customs and government structure. China exercise power over the state without being constitutionally responsible to the public. The ideologies of communism have an enormous amount of influence in China. Both the government and its people hold firm traditional values such as, peace, order and stability in both the family and nation, which is the blueprint in Chinese politics, which create loyalty towards those in power. China’s authoritarian

Since July 21, 2005, China has adopted a managed floating rate regime based on market supply and demand with reference to a basket of undisclosed currency. The daily trading price of the U.S. dollar against RMB in the foreign exchange market will be allowed to float within a band of +/->0.3% around the central parity published by People’s Bank of China. The signal was initially interpreted by the international market as an indication that China would embark on a gradual shift toward increased flexibility which eventually adopt a floating exchange rate regime where the RMB will appreciate much against US dollar. However, they soon

We're Experiencing the Greatest Reshuffling of Income Since the Industrial Revolution. Globally, in 2012 the world’s 100 richest people gained $241 billion to reach a net worth of $1.9 trillion. This figure nearly matches the entire output of the United Kingdom. While it is true that the nine-tenths of the planet’s richest 1% live in the Global North, such vast differences in wealth are not exclusively American or British problems. Notwithstanding Brazil’s, South Africa’s and Nigeria’s growth, Latin America and sub-Saharan Africa remain the most unequal regions in the world. In East Asia, overall inequality has improved, in part because of China’s increases in prosperity. But China’s inequality is only slightly lower than the US and, by

After many years of repression and control of the Chinese people by the central government, the Reform Era came about to bring change and hopefully better the lives of everyone. However, the Reform Era did not impact every Chinese person in the same manner, as there were great discrepancies between those whom lived in the city and those whom lived in the countryside. For people whom lived in the city, the privatization of the housing industry had a large impact, while the decollectivization of agriculture impacted those in the countryside. Yet, no matter their geographic location within the country, the benefits and costs every citizen underwent through during the changes of the Reform Era are apparent.

Additionally, as the new generation becomes more involved, a result of the middle class rising up in China, this has allowed them to participate in congress because of the expansion of personnel able to join the Communist party from the vast increase to renounce forces and an impressive ability to recreate itself.

China, the largest growing market in the world, currently has a policy regarding monetary regulation that allows the Yuan to “float”. This has seen the Yuan appreciate by approximately 24% over the past few years. Today, the exchange rate between the Chinese Yuan and the American Dollar is approximately 6.3 Yuan to 1 Dollar. Some argue that China should revalue the Yuan again the dollar, establishing a more fixed exchange rate. Others believe that current should allow

Finally given the slowing economy in Asia the International Monetary Fund (IMF) has reclassified the yuan. Previously the IMF considered it to be “substantially undervalued” compared to other currencies. The IMF has softened its tone toward the Chinese yuan and it is now considered “moderately undervalued”. This new designation makes it harder for the United States government to make a case against and therefore policies to target the imports based on the Chinese yuan. (Davis, 2012)

Unfortunately, it was estimated that roughly 1.2 billion people in 1993 lived in extreme or absolute poverty, that which Robert McNamara regards “‘a condition of life so characterized by malnutrition, illiteracy, disease, squalid surroundings, high infant mortality and low life expectancy as to be beneath any reasonable standard of human dignity’” (Singer 219, 220). These estimates can be projected at nearly 2 billion today. A large majority of the people living in absolute poverty resides in underdeveloped countries. Among the nearly 4.4 billion people in these countries, “3/5 lives in societies lacking basic sanitation; 1/3 go without safe drinking water; 1/4 lack adequate housing; 1/5 are undernourished, and 1.3 billion live on less than $1 a day” (Speth 1).

Poverty in Developing and Less Developed Countries The world includes less developed countries and developing countries. Less developed countries are countries considered to be poor and often contain many people who are in absolute poverty. Developing countries are countries like India, which are gaining in wealth. There are two types of poverty within the world.