A recent deletion on People’s Daily Online was likely caused by the sensitivity of an article from 2016 that predicted China’s entry into the group of “high-income” countries by 2024.maliciously COMPLETED
The post was shared again on Weibo by a user with the sarcastic remark, “I finally have something to make my Lunar New Year celebration more enjoyable…”. However, the post was later removed and received numerous negative comments before being censored. CDT editors have finished their work.
I saved a duplicate of the article. and republished it in full
Included are some remarks from users on Weibo, a Chinese social media platform.
The article, titled “China Anticipated to Enter ‘High-Income Phase’ in 2024,” was authored by.economist Zheng Bingwen (郑秉文), director of the Centre for International Social Security Studies (CISS) at Chinese Academy of Social Sciences (CASS), who specializes in studying market failures in Western economies, national innovation, and social security systems, among other topics. The text itself is not particularly controversial: it describes the challenge of avoiding the “middle-income trapChina
is transitioning from an economy with a medium level of income to an economy with a high level of income)
As China progresses from being classified as an “upper-middle-income economy” to an “upper-income economy”, it is undergoing a shift from having a moderate level of income to having a higher level of income.
According to the World Bank’s definitionfour Asian t
Zheng discusses how certain countries have successfully avoided the “middle-income trap” and suggests three steps to help facilitate this transition: enhancing overall productivity, maintaining open relationships with other nations, and implementing a market-based economy. The author also references the experiences of four Asian countries.four Asian tigers“— the high-growth economies of Hong Kong, Taiwan, Singapore, and South Korea. But Zheng also cautions that simply entering the ranks of upper-income countries is not the same as being a “developed nation,” and writes that
Despite achieving a higher income status, China should still be classified as a “moderately developed country.”:
Once China surpasses the high-income threshold, it will shift to the status of a “moderately developed country.”
First Centenary Goal
The goal of creating a society that is moderately prosperous in all aspects will have been reached. [Chinese]
During the time between this article being published and censored, China faced significant economic challenges and disruptions from the COVID-19 pandemic, strict domestic policies to eliminate the virus, and declines in various economic sectors such as trade, tourism, and manufacturing. Despite the lifting of COVID restrictions, editors at CDT have observed…
There has been an increase in the suppression of…
Information and conversations regarding the economy by Frank.
Amidst worries regarding China’s fragile economic recovery, troubled property market, and moribund stock market
As Zheng Bingwen’s slightly outdated and relatively harmless article in People’s Daily was being censored, the same news source was simultaneously providing enthusiastic coverage of a Politburo study session on “…”
new productive forces” (新质生产力, xīn zhì shēngchǎnlì
Main ideas discussed at the Central Economic Work Conference.
Zheng’s article wasn’t entirely inaccurate. According to the World Bank, China is currently classified as an upper-middle-income economy, a status that has been in effect since 2024.2,000 and 4,999
The average income per person of a country, known as Gross National Income (GNI), falls within the range of 2,000 to 4,999.
The figures from the World Bank for 2022 are $4,466 and $13,845 in U.S. dollars.
The per capita gross national income of China is $12,850.
, countries with a GNI per capita of $13,846 or higher are considered high-income economies.
But it is telling that many Chinese workers of all ages have not regained their confidence in the economy, and do not feel better off than they were several years ago. As reflected in many of the Weibo comments about the People’s Daily article, a sense of disaffectedness prevails. Youth unemployment, for example, is so high that for a time, China’s National Bureau of Statistics stopped publishing statistics on it
When the latest statistics were released this month using a new methodology, the numbers for youth unemployment seemed to be confusingly different.miraculously” improved
Many young employees still struggle to find jobs, leading to negative jokes about the poor student.Kong Yiji,” the oft-harvested “cut chives,” and the resource-exhausted “huminerals
This negative outlook, combined with shifts in society and demographics, has resulted in a…falling birthrate
Many women and young couples are still hesitant to start families, showing no change in their attitudes.local government incentives to encourage more births, and professing a willingness to be the “last generation
“If it reaches that point,” [To learn more about concepts like “Kong Yiji,” “cut chives,” “huminerals,” “the last generation,” “driving in reverse,” and many others, please refer to our latest ebook, “China Digital Times Lexicon, 20th Anniversary Edition.”]
Comments on the 2016 article that was re-posted and later censored on Weibo.:
The housing market has experienced a decline, as have stocks, but incomes have risen.
Does this category of “high-income” encompass individual earnings?
Observe this pie as it continues to grow in size.
We can definitely say that the days of goodness are in the past.
If you never reach a middle-income status, how can you become stuck in a “middle-income trap”?
Even if you are extremely poor, the National Bureau of Statistics will assist in exaggerating your earnings.
Has poverty been eliminated in the past years?
The concept of “high-income” exists, however, you and I do not benefit from it.
If you are unable to reach the required limit, why not simply decrease it? Change the classification of individuals with incomes exceeding 1000 yuan to “high-income population.”
Is China currently facing the “middle-income trap”?
Wngjil908981589：Eight years ago, the People’s Daily couldn’t have known that the “driving-in-reverse Emperor
I would quickly shift the car into reverse and press the accelerator pedal to the floor.
This is even funnier than the Chinese New Year Gala on CCTV! [Chinese]