Bill Gates Praises China: ‘They’ve Done A Very Good Job’ | Eastern North Carolina Now | Microsoft co-founder Bill Gates, the world’s fifth-richest man, thinks that Communist China should be praised for the way it has handled poverty.

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    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Hank Berrien.

    Microsoft co-founder Bill Gates, the world's fifth-richest man, thinks that Communist China should be praised for the way it has handled poverty.

    New York Times Magazine columnist David Wallace-Wells, the author of "The Uninhabitable Earth," opined that progress on poverty around the globe "has been really remarkable." Asserting that said progress reflected "progress in China," he asked Gates if the trend toward eradicating poverty would continue since China has "sort of finished eradicating real poverty."

    "If you're allowed to say the truth about things in China, they've done a very good job," Gates responded. "They're now a middle-income country, in fact, one of the wealthier middle-income countries."

    In 2018, an article written by a professor of economics at Peking University, Beijing and a then PhD scholar at Peking University surmised that China had initially used a repressive financial policy in order to stimulate the economy.

    The article stated that the People's Bank of China (PBoC) was still guiding commercial banks' settings of deposit and lending rates, adding that "repressive financial policies have not stopped China from achieving rapid economic growth," but that "economic growth has decelerated and systemic financial risks have escalated sharply."

    In March 2021, NPR noted that extreme poverty was defined by China as making less than $2.30 per day in contrast to the World Bank's suggested poverty line of making less $5.50 per day for China's upper middle-income category.

    "China still has around 13% of its population falling below that line, or close to 200 million people," the World Bank's Martin Raiser pointed out.

    NPR correspondent John Ruwitch, who covers Chinese affairs, added, "But for Xi Jinping, proclaiming victory over extreme poverty is propaganda gold."

    In February 2021, Chinese President Xi Jinping announced that China had eliminated extreme poverty the previous year.

    "According to the current criteria, all 98.99 million poor rural population have been taken out of poverty, and 832 poverty-stricken counties as well as 128,000 villages have been removed from the poverty list," he stated.

    Some critics of China have pointed out that China's campaign to eliminate poverty ignored a root cause of rural poverty: poor rural education. Some research has shown a school drop rate of up to 63% for rural students before the end of high school, according to The Diplomat.

poll#162
In what may be the most divisive period in modern American History, even more divisive than the turbulent sixties due to today's lack of patriotism, consider what are the major catalysts causing so much of this calamity of conflict, and vote: What most instigates the division of America, on this day September 20, 2022?
  Racism within our society
  Sex realignment to the detriment of our society.
  Biden /Harris Wide Open Southern Border Policy for the Demographic Upheaval of OUR Constitutional Republic
  Rampant Crime in Democratic controlled cities, and the possible contagion elsewhere
  Covid Pandemic, and its mishandling at the political, and bureaucratic levels.
  The unresolved questions /allegation regarding the flawed 2020 General Election
  January 6th Riot or "Armed Insurrection", depending upon patriotic perspective
  Joe Biden as Divisive Leader; Ineffective and Corrupt Executive
  Failed Education Industry, from an overall perspective, regarding all levels of education.
  Propagandistic Media in complete conflict with the First Amendment's guarantee of Freedom of Speech, and the awesome responsibility of a Free Press..
  "Orangeman Bad!"
  Bureaucracy rushing to a behemoth size, its unjustified expense, and far too often overreach.
  The Weaponized Deep State for political purposes
  A secular ambivalence to all that is real.
  Record number of overdose deaths from opioids and now Fentanyl
  Biden Administration's disastrous Foreign Policy
  Bidenflation /supply chain failure inevitably evolving into stagflation and recession.
  "Ultra MAGA Extremists" freely speaking louder AND LOUDER!
680 total vote(s)     What's your Opinion?


poll#154
Inarguably, the policies of the Democrats in congress and Joe Biden as the Executive is plunging the United States into a recession, if we are not already there; a recession that was completely avoidable. Will abrupt changes in policies occur in time?
  Yes, the Democrats have a bold plan, yet to be revealed, to save us.
  No, there will have to be a complete undoing of the damage done by these Democrats.
  I can't do simple math, so how am I to understand the concept of basic economics.
1,176 total vote(s)     What's your Opinion?

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