[jyl]

On China, it needs to get its consumers spending and develop its consumer economy, but the Chinese system directs so little money to households to spend with. Something like 1.1BN Chinese make less than USD 300 per month per person in the household.

“in 2019, there were about 100 million people in China with a per capita household monthly income of less than 500 yuan ($72), about 310 million people with less than 1,000 yuan, and about 710 million people with less than 2,000 yuan.” Caixinglobal article.