A year's income is $500 but it costs $250 to put 2 kids in school? Are there fall school fees, too? Another $250? A full year's wages for school?
Why do I think this story is not accurate?
I'm inclined to think there are huge fudge factors in guestimates of rural income in China.
That's private school fees. Parents and grandparents throwing all their net worth and borrowing to spoil the youngest generation of children in China in (false) hopes of their having a better future.
Really weird demographics in China. Something's gotta give 10-20 years down the line.