Reaching “xiaokang shehui” status is a crucial goal for the CCP. Is it still achievable?

2020 was supposed to be a triumphant year for China and the Chinese Communist Party . The country was set to finally transform into a xiaokang shehui – rendered in English as «moderately prosperous society.» Gross domestic product and disposable income would be double what they were in 2010, and no Chinese citizens would be living under the national poverty line of 2,300 RMB per year at 2010 prices . Would it still be possible to accomplish xiaokang before 2021 according to its original formulation? In order to double 2010’s GDP, the economy would need to show strong recovery in the remainder of 2020. Surprisingly, recent signs are positive. Even if these rural residents do not work on their allocated plots, they officially remain rural land-holders and are therefore counted as employed. Second, enormous numbers of rural residents have moved to urban areas as migrant workers. Due to China’s hukou household registration system, migrants that move to urban areas to work officially remain rural citizens.

This article was written by Montijn Huisman

To read the full article, please click on the following link: https://thediplomat.com/2020/06/after-covid-19-can-china-still-become-moderately-prosperous/