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Is China rich or poor? Nation’s wealth debate muddied by conflicting government data

Summary:
[unable to retrieve full-text content]A long-standing debate over whether China is a rich or poor nation has been reignited in recent weeks after the government released a series of diverging data sets on wealth in the world’s second biggest economy.Premier Li Keqiang added fuel to the discussion on Thursday, saying that China has 600 million people living on a monthly income of 1,000 yuan (US0).“It’s barely enough to cover monthly rent in a mid-sized Chinese city,” Li told a press conference in Beijing.Li’s comments add weight…

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[unable to retrieve full-text content]
A long-standing debate over whether China is a rich or poor nation has been reignited in recent weeks after the government released a series of diverging data sets on wealth in the world’s second biggest economy.Premier Li Keqiang added fuel to the discussion on Thursday, saying that China has 600 million people living on a monthly income of 1,000 yuan (US$140).“It’s barely enough to cover monthly rent in a mid-sized Chinese city,” Li told a press conference in Beijing.Li’s comments add weight…
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