Chinese Premier Li Keqiang publicly disclosed in the middle of last year that 600 million people in China earn only 1,000 yuan a month, defeating Xi Jinping‘s claim that he would be completely out of poverty by 2020.
Hunan ranks eighth in the official ranking of the country’s total GDP. But on February 2, the Hunan Department of Transportation issued a formula for calculating compensation for traffic accidents, which refers to the statistics department’s results for 2020 and shows that the average monthly salary of Hunan’s urban population is only RMB 3,474, while the average monthly salary of rural residents is only RMB 1,382.
China’s Caixin.com cited information from Beijing Normal University and China’s National Bureau of Statistics in the middle of last year that in 2019, more than 1.3 billion of China’s total population of 1.4 billion will have a monthly income of less than RMB 5,000. This figure is a severe blow to the slogan of “building a moderately prosperous society in all aspects” that Chinese Communist Party President Xi Jinping has been advocating in recent years.
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