After years of work, China is closing in on its goal of building a “moderately prosperous society” by 2020, with the baseline task of lifting people out of dire poverty. As of the end of last year, there were still 43.4 million people, about three percent of the population, living below China’s poverty line of 340 US dollars per year. With three years to go, will the goal be met? What has to be done?
Once again, I was a guest of CCTV’s “The Point” to discuss issues related to poverty alleviation. China is making a major media push in this area. More will surely follow.
China Global Television Network (CGTN) in cooperation with South Africa Broadcasting Corporation (SABC) hosted for the first time a special program on poverty, with particular focus on the comparisons of poverty eradication between China and Africa. I was honored to be part of the panel, together with other four speakers, and hosts Liu Xin and Lian.
In recent days, I pointed out how Trump’s visit in China has been a win-win for both countries and I expressed my concern for the marginal role that Europe may play in the future. However, during the weekend, the highly respected Bloomberg published an article where the author, unlike me, argued that Trump’s visit to China has been lose-lose outcome. I always find helpful and welcome people who can offer different views from mine. So let’s see, what are the arguments that Bloomberg puts forward against mine.
At the end of Trump‘s visit to China, we start to see further details of the commercial agreements between China and the US. As already mentioned in previous posts, China and the US appear to try to re-balance the relationship focusing on the total of the Balance of Payments, Current Account and Capital Account.
China is shifting its attention to the green economy, but it is not new because this process started 3-4 years ago. The most interesting thing, in my humble opinion, is how, through the push towards the green economy, the party is trying to forge a new alliance with the people.