LATEST NEWS : China’s Income Inequality Surpasses U.S., Posing Risk for Xi

The income gap between the rich and poor in China has surpassed that of the U.S. and is among the widest in the world, a report showed, adding to the challenges for President Xi Jinping as growth slows.

A common measure of income inequality almost doubled in China between 1980 and 2010 and now points to a “severe” disparity, according to researchers at the University of Michigan. The finding conforms to what many Chinese people already say they believe — in a 2012 survey, they ranked inequality as the nation’s top social challenge, above corruption and unemployment, the report showed.

continue reading at bloomberg.com

0 Comments

Leave a comment

Your email address will not be published. Required fields are marked *