China Has the World's Fastest Growth in Living Standards

ONE of the strangest claims about China that sometimes appear in the media is that it has a slow growth of consumption and living standards.In reality China has the fastest growth of consumption of any country in the world–whether this is measured only by household consumption or includes government consumption in areas vital for quality of life,such as education and health.Furthermore,indicators show that compared to other countries,China’s quality of life is better than would be expected from its present stage of economic development.First the facts regarding these issues are established and then they will be analyzed.