Yahoo! News – China’s ‘Well-Off Society’ on Rocky Road: “China’s leaders are struggling to restore health to a financial system glutted with bad debt and to curb excessive investment in real estate projects, auto, steel and aluminum factories. Soaring industrial production has sparked energy shortages, and rising prices for food and fuel raise worries over inflation.
Though an estimated 30 million city dwellers live in poverty – many of them retirees or workers laid off from state factories – in the fast-growing cities incomes average $970. “