Why we need not envy China

[Divine Wind]

Great article bringing into focus not only why we shouldn't envy the Chinese, but not fear the Chinese dragon. They are riding high on a mountain of cash, but their troubles are only starting.

Column: Why we need not envy China

Up to 40 million Chinese people still live in caves. That's more than the populations of Texas and Illinois, combined. In fairness, a fraction of these caves are apparently pretty nice, complete with electricity and well-compacted dirt floors. But that's grading on a curve because, well, they're still caves.

Meanwhile, 21 million Chinese live below what the Communist Party calls the "absolute poverty" line. That sounds pretty good if you have in mind our poverty line, which is just under $11,000 per year for an individual and roughly $22,000 for a family of four. The absolute poverty rate in China is $90 a year, or $7.50 per month. And 35 million live on less than $125 per year. Hundreds of millions of Chinese live on $1 or $2 a day.

Michael Levy, who recently wrote a book on his stint as a Peace Corps worker in rural China (Yes, China still asks for Peace Corps help.) put it well in an interview with NPR: "Imagine that there's a country exactly like the United States. Exactly the same size. It's got the same cities. It's got the same number of rich people and poor people. It's just like us. And now add 1 billion peasants. That's China."