Measuring the Width of the Wealth Gap
Recent findings by China Society of Economic Reform (CSER) have offered a rare glimpse into growing income inequality in the country.
The study shows that in 2011 unidentified "gray income," or the difference between CSER-surveyed income and that of the official household survey, totaled 6.2 trillion yuan, or 12 percent of GDP. The richest 10 percent of families had an annual income that was 21 times the lowest 10 percent, much higher than the official estimate of 8.6.
- Holiday Days
- The China Boom: Why China Will Not Rule the World
- One Point Two Billion
- Ailing Northeast Struggles to Keep Young Talent
- Much Has Changed Since Short Sellers Last Attacked HK Dollar
- Day of Play
- Software Firms Accuse Alibaba Health Subsidiary of Profiteering
- Inquiry into Guangdong Official 'Linked to Helping Sex Industry'
- Medical Fees Proposal Jolts China's Pensioners
- Sign up to receive our free daily newsletter
- China Now Learning It Has 'Environmental Migrants'
- Internet Company Treats 2,000 Employees to Cruise as Holiday Present
- Alibaba Gets Bitter Pill as Gov't Said to Scrap E-Drug System
- Government Edges toward Promised Tax Reform
- Carmaker BYD Fares Well in Hometown, Struggles Elsewhere
- Caixin OnlineAnother Official Tied to Zhou Yongkang Is Handed Jail Term
- U.S. Venture Capital Firm Is Still Betting on China
- More Insiders Said to Be Linked to Agricultural Bank Scandal
- Five Major Economic Risks to Watch for This Year
- Manufacturing Slows Again to Start 2016, with Caixin China PMI at 48.4