Wednesday, August 7, 2019

China -- How Well Off Is China's Middle Class? -- Considering That 60% Of The Chinese Appear To Live In Poverty -- August 7, 2019

This is an incredibly good interactive site. You might have to play around with the filters to navigate the site but once you figure it out, it's quite amazing.


Be sure to pay attention to the "key" for the above graphic:


My annotations regarding the key:



I always find it interesting how analysts "divide" / label the data. In this case, the range for the "low-income" demographic: from high ($10) to the low ($2), that's a 5x range.

The other divisions are not nearly as wide. On a scale like this, $10 is incredibly different than $2 and yet "that" is all grouped together. The "lower-middle-income" has the narrowest of range, only $10 to $20.

Although the "upper-middle-income" only has a 2.5x range ($20 to $50), that's a huge range. On a monthly basis that goes from $600/month to $1500/ month.

Of course, the biggest problem with this chart is the ">$50-income" range ("high-income"). $50months translates to $1500/month -- really -- is that where they end the graphic??

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