China overwhelming the West in cities over a million people

Xi Jinping shakes hands with Donald Trump
Photo: Brendan Smialowski/AFP/Getty Images

This decade began just after a historic inflection point, with 51% of the world's population living in urban areas.

By the numbers: That proportion has continued to rise steadily, reaching 55% as of 2018. It's climbed faster in China, up from 48% to 59% — meaning an additional 180 million people are living in Chinese cities.

World Bank: Nigeria could become home to 25% of all destitute people

The nigerian flag.
Nigerian flags. Photo: Sodiq Adelakun/AFP via Getty Images

The World Bank says Nigeria is at risk of becoming home to 25% of the world's destitute people unless its lawmakers find a way to boost employment and recharge economic growth, Bloomberg reports.

Details: The Bank is encouraging Nigeria's President Muhammadu Buhari to remove trade restrictions, stabilize economic policies and increase domestic revenue. It's also urging Buhari to remove fuel subsidies and to reduce specific central bank lending.