Main Industrial Development Issues and Challenges
High growth and low income
Despite the country’s dynamic growth, China is still a low-income country. Its per capita income in 2004 was US$ 1,277, only 3.2 per cent of the US’s US$ 40,100. More than 160 million people, many in remote and resource poor areas in the western and interior regions, still have consumption levels below a dollar a day. Growth and shifts in production have caused new forms of poverty to emerge among workers laid off from restructured or closed state-owned enterprises as well as among migrant workers who are not fully employed.