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Poorer but optimistic: The American dream lives on, but far away in China

China's progress is especially remarkable given how the government has used social engineering to restrict where people live and how many children they have

Javier C. Hernández & Quoctrung Bui | NYT 

China is still much poorer overall than the United States. But the Chinese have taken a commanding lead in that most intangible but valuable of economic indicators: optimism. In a country still haunted by the Cultural Revolution, where politics are tightly circumscribed by an authoritarian state, the Chinese are now among the most optimistic people in the world — much more so than Americans and Europeans, according to public opinion surveys. What has changed? Most of all, an economic expansion without precedent in modern history. Eight hundred million people have ...

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First Published: Wed, November 21 2018. 09:28 IST