Streaming Media

Media Type

Keynote Address

Publication Date

5-30-2001

Description

Three decades ago, China was among the world’s poorest countries with 80 per cent of the population having incomes less than US $ 1 per day and only a third of all adults able to read or write. By 2000, China had become one of the fastest growing countries in the world with real per capita growth close to 9 per cent per annum between 1980-2000. Consequently, China’s per capita income doubled every ten years, faster than almost any country in the world. This record is un-paralleled in history. It took UK almost a century, USA 50 years and Korea 25 years to double their per capita incomes. But China has surpassed all of them by achieving this goal within a short span of 10 years. The proportion of the population with income less than $1 a day had declined to less than 10 per cent, - lower than the United States where the incidence of poverty was still 16 per cent.

Notes

Key-note address delivered at the Pakistan Institute of International Affairs Seminar on Pakistan-China held on May 30, 2001

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