China Documentary: How Poor Is China? - The world’s largest economy part 2

China Documentary: How Poor Is China? - The world’s largest economy part 2 More videos about China: https://www.youtube.com/watch?v=QOGav0-efqM By one measure, China is set to surpass the U.S. this year in gross domestic product as the world’s largest economy—in terms of purchasing power parity (rather than nominal GDP), says the International Monetary Fund. China also has the world’s second-largest population of ultra-wealthy, with some 7,600 people possessing at least $50 million, according to a report released on Tuesday by Credit Suisse. Still, that wealth contrasts with impoverishment. About 82 million Chinese still live in poverty, an official announced at a press conference in Beijing. That figure is according to the Chinese poverty standard of about 2,300 yuan a year, or about $1 a day. Using the international standard of $1.25 a day, set by the World Bank. All told, China has 120,000 villages plagued by poverty. More videos about China: https://www.youtube.com/watch?v=QOGav0-efqM&index=4&list=PL5cBfStei9c_8dh71GJ3FgyybxVnB4eYC