Income distribution has become one of the people’s main concerns in China where more than 30 years of reform and opening up have also resulted in an ever-expanding wealth gap. But narrowing down
The income gap between regions, urban and rural areas, industries and various social groups is widening in China. The gap, as indicated by the Gini Coefficient, extended beyond an alarming level. A World Bank report s...The income gap between regions, urban and rural areas, industries and various social groups is widening in China. The gap, as indicated by the Gini Coefficient, extended beyond an alarming level. A World Bank report said the Gini Coefficient for China surged to 0.47 in 2009, exceeding the "red line" of 0.4. The problems caused by the rising income disparity have been the focus of public attention. Some experts believe that it is high time for China to shrink this income gap. A Xinhua News Agency research team recently analyzed this trend, and published an article in the Economic Information Daily. Edited excerpts follow:展开更多
文摘Income distribution has become one of the people’s main concerns in China where more than 30 years of reform and opening up have also resulted in an ever-expanding wealth gap. But narrowing down
文摘The income gap between regions, urban and rural areas, industries and various social groups is widening in China. The gap, as indicated by the Gini Coefficient, extended beyond an alarming level. A World Bank report said the Gini Coefficient for China surged to 0.47 in 2009, exceeding the "red line" of 0.4. The problems caused by the rising income disparity have been the focus of public attention. Some experts believe that it is high time for China to shrink this income gap. A Xinhua News Agency research team recently analyzed this trend, and published an article in the Economic Information Daily. Edited excerpts follow:
