Wealth Inequality in China is Slowly Declining – Perhaps

New survey of the Institute of Social Science Survey at Peking University has been done and the study’s researchers interviewed 14,960 households representing 57,155 people. It claims key measure of income gap has slightly improved, but earlier studies suggest the problem could be getting worse. China’s Gini coefficient of income inequality was 0.49 last year, slightly down from 0.51 in 2010.

“Two reasons contribute to China’s improving Gini index,” Ren Qiang, an author of the report, said. “One of the faster increase in household income in rural areas compared with the cities, and the second is the faster income rise of the middle class.”

~ SCMP, July 19, 2013 ~

Cargo Service Far East Ltd.© 2021