China's capitalist reforms are said to have moved 800 million out of extreme…

January 8, 2024 This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: fact-checked trusted source written by researcher(s) proofread by Dylan Sullivan, Jason Hickel and Michail Moatsos, The Conversation It has become an article of faith among many economists that China's pro-market reforms of the 1980s and 1990s ushered in a sustained reduction in poverty. This narrative relies on figures from the World Bank, showing that over the past 40 years the number of people in China living in " extreme poverty " …