Plain English with Derek Thompson cover image

How China's Economic Miracle Went Off the Rails

Plain English with Derek Thompson

NOTE

The Chinese Growth Miracle

President Biden referred to Xi as a dictator at a summit, an unexpected accusation. This story is set in the context of history, highlighting the Chinese growth miracle in eliminating poverty. The share of Chinese people living in extreme poverty decreased from 92% in the late 1970s to just 0.14% today.

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