Background Information of China (Essay Sample)

Development Economics
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1 Background information of China
China has a known record of poverty and has previously been referred to as an emerging economy until recent for the past decade that it has greatly eradicated its poverty levels especially in urban centers. Currently, poverty is only experienced in the rural places in China and for the past three decades it has it has tried its best to eradicate the poverty. Despite the drastic progress of the economy that has lifted over 5 million individuals from poverty, the percentage of people still living in poverty remains to be high. There has been a drastic reduction from 88 percent to around 6.5 percent in urban areas (Lo et al., 2016).
However, most of the remote residents in China live in extreme and moderate poverty levels. In the rural regions, about 13 percent of the individuals, which accounts to about 203 million people, live in extreme poverty where they survive for less than $1 per day. Then 42 percent of the people which accounts up to around 593 million people live in moderate poverty where the survive with less than $2 per day. The people are compelled to work for 14 hours a day in the textile and garment industry so that they can get some money that will sustain themselves (Hays, 2018).
There is thus a great divide between the urban and rural living conditions with the rapid growth and wealthy seen to be accumulated in urban areas. The growth is majorly evidence in private wealth where there are inequalities in income between the urban people and the rural people. The average wealth for the Chinese nation is approximately $17,126, double amount of population in the median wealth have incomes of roughly $6, 327 (BBC News, 2018). This shows that development strategies in the nation need to redirection to the remote areas to enhance development in the regions and alleviate poverty.
2 Need identification
The SDGs have a focused agenda on 17 goals of alleviating poverty as well as dealing with societal problems such as hunger, health, inequalities and water with sanitation problems. There is a high difference between SDGs and the current situation in China. There are high poverty levels of up to 55 percent in the rural areas despite the SDG goal to eliminate poverty. There are also high levels of hunger even with the SDG goal to ensure that there is zero hunger since the most of the people survive with less than $2 per day. The health and well-being of the people is also dire since they have no enough finances to facilitate their health needs. Clean water and sanitation is also a