China Restates Earnings
15 Nov 2007 in Economics by GarrickKiedel’s article put a number of things into perspective for me - namely why I hear ‘China, China, China’ everywhere I go (like I heard ‘India, India, India’ a couple years back) - China is trying damn hard to pull itself out of poverty.
With the restated numbers, more than 500 million Chinese1 live below the dollar-a-day poverty line.
Makes me want to give them a hand and outsource something to them.
Thanks to Angus @ Kids Prefer Cheese
1. 37% of China’s population. As a reference point, the entire US population is a hair over 300 million with 12% in poverty .
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