China's capitalist reforms are said to have moved 800 million out of extreme poverty. Data suggest the opposite

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China's capitalist reforms are said to have moved 800 million out of extreme poverty. Data suggest the opposite

https://phys.org/news/2024-01-china-capitalist-reforms-million-extreme.html

It has become an article of faith among many economists that China's pro-market reforms of the 1980s and 1990s ushered in a sustained reduction in poverty.

China's capitalist reforms are said to have moved 800 million out of extreme poverty. Data suggest the opposite