China and Chilhood Poverty

It is quite interesting to know that China’s population is 1/5 of world’s population. The Minimum Living Standards is quite too small to meet basic need like shelter, food, education, health and its only covers 23% of poor urban households. A lot of people find it difficult to pay for their children’s basic school fees. Another insight I gained is that China's transition from a centrally planned to a globalized market economy has helped reduce chronic poverty and disadvantage, but also created new forms of vulnerability and poverty. By 2001 5 per cent of China's population lived below the national poverty line. Rural poverty is estimated to have fallen from 250 million in 1978 to 35 million in 2000 and from 30.7 per cent of the population to 3.7 per cent according to official statistics.