Are you a time traveler from 1990? China effectively doesn't have anyone in extreme poverty ($1.50/day). They have about the same or lower rate than the US. They do have people in poverty, 24% below $5.50/day ($2000/yr) line.

India has also decreased extreme poverty, down to 2% in 2023. At $3.20/day, they declined to 21%. At $5.50, they are at 81%. Most people are poor, but less poor than they were.