Lives of Grinding Poverty, Untouched by Chinaâs Boom
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China has moved more people out of poverty than any other country in recent decades, but places like southern Henan Province still remain destitute.
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Average life expectancy in China will jump 13 years to 85 years and all households will be lifted out of poverty by the middle of the century, Chinese academics forecast in a report issued in state media on Monday.
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The pace of Chinaâs economic development is still strong enough to keep pushing up prices around the world for everything from oil to iron ore to freight shipping.
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Income inequality is near record levels in many countries, and the worldÂs wealth has become even more narrowly concentrated than income.
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The elaborate effort to supply cut flowers to the world also aims to bring jobs and wealth to ChinaÂs impoverished heartland.
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SHANGHAI -- From his posh office in a coastal city in eastern China, millionaire Zhou Jiaru oversees more than 100 workers at an auto parts refurbishing factory he purchased in a struggling manufacturing town on the other side of the world.
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Higher costs in China could spell the end of an era of ultra-cheap goods, as well as the beginning of Chinaâs rise from the lowest rungs of global manufacturing.
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Across the developing world, migrants move to other poor countries nearly as often as they move to rich ones.
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The global wealth boom has created a new breed of billionaire in once-destitute countries, and a number of them are using their wealth to push for social changes.
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Factory workers make less in China than in the U.S., and so do CEOs. But the impact on the market remains unclear.
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China's gleaming skyscrapers and big Olympic plans hide the realities of political oppression. Take the case of Chen Guangcheng
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The plight of the litchi industry shows both the promise and the pitfalls of China's economic growth, from the flood of investment to overproduction and crashing profits.
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SHENZHEN, China -- Sweating in the bright afternoon sun, the men and women stand on the sides of the roads like homeless people clutching wrinkled cardboard signs. Waving the boards, the real estate agents call out to cars zooming by.
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Business & money: Workers in poor countries exploited, say investors.
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During long years of war and severe poverty in Vietnam, milk and meat were true luxuries only the rich could afford. Many children went blind from lack of vitamin A. Countless others experienced stunted growth that has kept the whole population short and thin. But after 30 years of peace, the communist country has overcome many of these problems and is now boasting unprecedented economic growth that it hopes will translate into building a taller, stronger people.
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GUIHUA, China -- For years now, nearly half the rice, wheat and vegetable farmers in this village in Henan province have been unable to make a living off their land. They have turned instead to more profitable migrant work in large, faraway cities.
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It is rare for a foreign doctor to get to China&#39;s rural areas, where its AIDS epidemic was born and takes a horrible toll. But recently, two nurses and I ventured into a poor farming area, Nizui