As opposed to the tens of millions of Americans living in poverty? Yeah, the Chinese poor have it far worse than the poor in America - but at least their middle class is growing, not shrinking. Wealth is being generated for the everyman, and things are rapidly getting better for the average Joe.
Compared to the shrinking middle class in America as wealth flows upwards.
Don't get me wrong - I'm far from pro-Chinese, I'm just saying, let's not let the fact that there are starving people there prevent us from seeing our own faults.