Philippine’s Poor

Telling statistics from Philippine’s National Statistical Coordination Board.

The bottom 30% spends over 60% on food. Remember that there was a commodity price boom before the global recession?

The above shows the so called Engel’s law.

With the goal of boosting internal demand in mind, I would suggest the Chinese government do some equivalent survey in the villages, before pushing down the policies.

Of course, what to do afterwards is another matter.

 

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