The results have been unprecedented, with a growth rate of approximately 10% that has lifted 566 billion people over the $1.08 \”extreme poverty\” threshold set by the World Bank.
Sigh, yes, of course, it\’s just a typo.
But that these get through is more than just a mistake. It\’s evidence of the near innumeracy of the arts graduates that infest the newspaper business. No, I\’m not saying that everyone has to be able to do calculus (I\’ve certainly gratefully forgotten how to) but at least a vague idea about the relative sizes of various numbers would be a good idea. They don\’t have to be accurate, just vaguely so.
There\’s about 60 million in the UK, something over a billion in China, 7 billion on the planet. Average income here is about £25k, GDP is some £1.4 trillion, US GDP is $14 trillion. Just rough ideas, at least intimations of the correct order of magnitude for this or that number would be helpful.
So that we don\’t get something like that, which seems to indicate that China\’s recent economic growth has lifted more people out of poverty than have actually existed since the dawn of our species.