How bad is income inequality in China?

China is among the 20\% most unequal countries in the world. Inequality is quite serious. The inequality within cities and within rural areas has also been expanding. Now urban residents roughly earn 2.5 times that of rural residents.

What is the income gap in China?

around 0.47
The level of income inequality in China today is very high. According to the official data (which do not provide micro information that can be independently verified), China’s Gini coefficient (a measure of inequality that ranges from 0 to 1) is around 0.47. By comparison, that of the United States is around 0.41.

Is there a big wealth gap in China?

The gap between the rich and poor in China is almost as huge as in the US. With annual growth rates averaging 10 per cent over the past 30 years, China has become the world’s fastest-growing major economy and the second largest economy overall behind the US. …

Why is there a wealth gap in China?

As a result of Chinese governmental attempts to control population growth with the one-child policy implemented in 1979, many fewer young adults have reached the working age over the course of the past decade, leading to a significant “fall in the ratio of household members of working age.” This created a labor …

Does China have a big wealth gap?

Why is China’s income inequality so high?

More than 10\% of China’s total inequality is attributed to the rural-urban gap, according to a study published in the PNAS.

Why does China have wealth inequality?

What has China done to reduce inequality?

In 2014, China unveiled its urbanization plan, which is also seen as a policy to moderate inequality. It aims to move approximately 100 million additional rural residents into urban areas by 2020, thereby reducing the urban-rural income gap.

Is there a widening gap between rich and poor?

A recent study released by the Government Accountability Office in the US reveals that the expanding gap between rich and poor is not only widening the gulf in incomes and wealth in America. But that it is also helping the rich lead longer lives, while cutting short the lives of those who are struggling.