China becomes 57th most prosperous nation as poverty rate drops below 1% China’s targeted poverty relief campaign has propelled the nation higher in a global ranking of prosperity, a recent study shows. The Legatum Prosperity Index 2019 said China was the 57th most prosperous nation out of 167 countries and regions worldwide, up from 60th place in 2018 and 65th place in 2009. The territories covered by the report are home to about 99.4 percent of the world’s population, according to the 13th annual global prosperity report released by the London-based think tank Legatum Institute at the end of 2019. The report said that the progress was largely driven by the improvements in enterprise conditions and people’s living conditions in China, given that the domestic poverty rate dropped from 19 percent in 2009 to less than 1 percent last year. China ranked 21st, 56th and 66th in terms of health, education and living conditions respectively, according to the latest ranking. The index was calculated based on about 300 variables in 12 categories－governance, social capital, safety and security, personal freedom, living conditions, education, health, natural environment, investment environment, enterprise conditions, market access and infrastructure, and economic quality. Some of the criteria－education,… Read full this story
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