Topic Reading-Vol.3161-12/6/2020

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Topic Reading-Vol.3161-12/6/2020

英語で世界を知ろう!Topic Reading

2020/12/06 Topic Reading-Vol.3161-12/6/2020

Dear MEL Topic Readers,

China has reached a major milestone in ending absolute poverty. But the Communist Party isn’t celebrating yet

It was 99 years ago when the Communist Party of China was formed. Back then, most people in China, whether in cities or rural villages, were poor. It took the party a little over a quarter of a century to establish a unified country, the People’s Republic of China. The first three decades were a very difficult time for the nation. But for the last four decades, especially the latter half, China’s economy grew at an unprecedented pace to become the world’s second-largest economy only after the US. The majority of the growth came from first-tier cities especially in the east coast areas, such as Shanghai, Guangzhou, Shenzhen, and Wuhan. Now, the per capita disposable income in urban areas stands around $6,500, just about enough to afford a small car. On the other hand, the income for rural households was still around $2,500, less than 40% of urban areas. Has China moved out of the century-long poverty? It seems that the ruling party is very cautious about announcing the milestone achievement before next year’s centennial anniversary. Well, from now on, they seem to need to build a large and stable middle class to enjoy sustainable economic growth. 2021 will be the time for the ruling party to celebrate the anniversary but also the time to begin a new challenging era.

Enjoy reading the text and learn about great China’s achievements and new challenges.

https://edition.cnn.com/2020/11/27/asia/china-xi-jinping-poverty-alleviation-intl-hnk/index.html

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