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This article mobilizes new time series data on real wages, physical heights and age-heaping to examine long-term trend of living standards and human capital for China during 18-20th century. Our findings confirm that gaps in living standards already existed between China and Northwestern Europe in 18-19th century.
This article mobilizes new time series data on real wages, physical heights and age-heaping to examine long-term trend of living standards and human capital for China during 18-20th century. Our findings confirm that gaps in living standards already.
It is Chinese people’s subjective ranking of living standards, not the actual level of income at their disposal, that directly affects their perceptions of life quality. This finding also confirms the importance of social life as a criterion for the appraisal of life quality.
In 2010 approximately 65 million apartments, capable of housing some 250 million people, were unoccupied, due to their being too expensive for the majority of Chinese to purchase or rent. At the same time, many millions of urban Chinese remained living in slums.
Since 1978 real per capita consumption in China has risen at an average annual rate of 7 per cent which is more than three and a half times that of the preceding 21 years. As a result, the standard of living of the average Chinese citizen in 1990 was more than double that of 1978.
27 Οκτ 2021 · The top five most satisfying life domains among the Chinese are standard of living, marriage, friendship, health, and family life according to the 2005 to 2007 Asian Barometer Survey (ABS) (Shu and Zhu 2009). The bottom five domains are the social welfare system, the democratic system, public safety, household income, and job.
By now, China’s income inequality not only surpasses that of the United States by a large margin but also ranks among the highest in the world, especially in comparison with countries with comparable or higher standards of living.
