China's GDP and Russia's GDP

China's GDP and Russia's GDP The current situation in Russia that China News Network dare not broadcast The World Bank report is shocking In the report provided by the World Bank, there are...

The current situation in Russia that China News Network dare not broadcast. The World Bank report is shocking. Among the reports provided by the World Bank, there are two reports that are extremely shocking. The first is a report on Russia's economic conditions released by World Bank experts on April 17, stating that Russia's economic growth is economic growth that is in the interests of the poor. The second is an analysis report announced by experts from the World Bank on December 1: Between 2001 and 2003, China's economy grew at an annual rate of nearly 10%, but the real income of the poorest 10% of the 1.3 billion people fell by 2.4%. The first report is shocking because it lets people know that there is a kind of economic growth called "economic growth that is in the interests of the poor." Russia's economic growth began in 1999. From 1999 to 2006, the average annual growth rate was about 6%, and the total economic volume increased by 70%. However, Russia's wages and per capita income and expenditure increased by 500%, and after deducting inflation, per capita income actually increased by more than 200%. In the past eight years, Russia's per capita real wages and per capita real income have grown twice as fast as per capita GDP. The Russian people have truly shared the fruits of economic growth. At present, the average monthly salary of Russians is 10,800 rubles, which is approximately RMB 3,650. Among them, Moscow has the highest per capita salary, currently about 20,000 rubles, equivalent to RMB 6,700; the Far East region bordering China has the lowest, with average monthly wages ranging from 9,500 to 10,000 rubles (RMB 3,200 to 3,360 yuan). Real wage growth, which greatly exceeds the growth rate of GDP, is only one aspect in which Russians share the fruits of economic growth. On the other hand, the Russian Federation and its federal entities and local governments spend one-third of their fiscal expenditures on social fields such as education, medical care, and relief. Thus a complete social welfare system has been established and maintained. Let vulnerable groups such as retired people, unemployed people, children, students, etc., also share the fruits of economic growth in a down-to-earth manner. As the economy grows, Russia adjusts its "minimum living standards per capita", or "poverty line," every quarter. The minimum living standard is set by each Russian federal entity every quarter and is used to assess the living standards of residents and to formulate subsidies, compensation and other social security payments. In the third quarter of this year, the per capita minimum living standard in Moscow was 5,124 rubles per month (equivalent to 1,700 yuan in RMB per month. Starting from July 1, 2006, the basic living expenses in Beijing were set at 448 yuan per person per month, which is only 26% of Moscow’s minimum living standards). The minimum living standard for residents with the ability to work was 5,795 rubles, 3,533 rubles for retirees, and 4,381 rubles for children. The per capita minimum living standard for residents in Primorsky Krai, which borders Northeast China, was set at 4,362 rubles per month (equivalent to 1,450 yuan per month in RMB) in the second quarter of this year. The current minimum living standard for residents in Harbin City, Heilongjiang Province, which borders it, was formulated in 1997. It is 200 yuan per person per month in urban areas. Acheng City, Shangzhi City, Mulan County and Yanshou County are 117 yuan), the minimum living cost index for residents with working ability is 4687 rubles, for retirees 3383 rubles, and for children 4202 rubles. Because the "difficulty line" standard is extremely high, calculated on average across Russia, it is equivalent to 40% of per capita GDP, and the largest portion of fiscal expenditures by governments at all levels is spent on social security systems such as medical care, education, subsidies, and relief. Taking the child subsidy project in Moscow's 2007 budget as an example, the city's fiscal budget for next year will provide a total of 36 billion rubles (10.8 billion yuan) for social support for families with children. The one-time subsidy amount for families with a second child or more will increase fourfold, from 2000 to 2008. ranging from 10,000 rubles to 10,000 rubles; the amount of monthly allowance per child will be increased by 1 to 1.5 times; the annual school uniform subsidy for families with multiple children will be increased from 1,000 rubles to 5,000 rubles; parents who cannot go out to work because they take care of disabled children under 3 years old at home will receive 4,500 rubles (1,300 yuan) per month. ; The monthly food subsidy for college student families raising children under three years old will be tripled, from 550 rubles to 1,650 rubles; in order to prevent the emergence of social orphans and develop family education methods, the amount of funds distributed to guardians to support wards will be increased from 4,500 rubles to 6,000 rubles. (Note: The latest exchange rate is 10 rubles = 2.9731 yuan) It can be said that today's Russia is poor. Relatively speaking, in an absolute sense, there are no poor people anymore. Elected officials are desperately trying to please voters. In addition to free medical care and free education, there are hundreds of Russian government subsidies and relief projects. Under such circumstances, it is not easy to be poor in Russia, where the economy has recovered. On April 10, Russian Finance Minister Kudrin announced that according to Russia's three-year budget plan from 2007 to 2009, real wages will increase by 50% in the next three years. The Russian Center for Macroeconomic Analysis and Short-term Forecasting's "Long-term Trends in the Russian Economy" report predicts that Russia will catch up with the economic development level of South Korea, Spain, and Israel by 2012, and that by 2020, per capita GDP will reach US$29,400. Let’s look at Eastern Europe after the drastic changes. By 2006, the per capita GDP of two countries had exceeded US$10,000, and the per capita GDP of the rest of the countries had exceeded US$5,000. According to the World Bank’s prediction, around 2020, all Eastern European countries will enter the ranks of high-income countries.