population coverage in the world. it provides cash traens fers to people living below the poverty line which is about $350 a year. they comprise just 3% of the population. it grew from fewer than 1% in 1997 to more than 75 million at its height in 2011. the chinese are not where they should be on welfare spending but ramping up the reach of programs across the board. what i've described china's wealth soaring as it dra mat i believe -- dramatically expands welfare. whatever china does, it does on a massive scale. regulations that threaten to choke wealth can fall away with ease. that's because of china's mix of economic systems. this kind of boundless growth, a nation undergoing a consumer