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.
- Investment Dip Rains on China's Upbeat Economy
- Schoolgirl Dies of Heart Attack after Falling Pray to A Phone Scam that Syphoned Her Tuition Money
- Spring Air Fuels Expansion with 10 New Airbus Jets
- P2P Firms in China Get Wings Clipped by New Rules
- PBOC Official Xuan Changneng to Join CSRC to Assist the Chairman
- Closer Look: Qihoo Retires from Public View after Record Privatization
- Beijing Overhauls Electric Vehicle Incentives to Weed Out Cheaters
- PetroChina, CNOOC Profits Slump as Prices and Domestic Demand Drop
- Renewables Generate a Quarter of China's Energy, But Solar and Wind Lag
- China COSCO Eyes New Terminal at Spain's Largest Container Port
- Sign up to receive our free daily newsletter
- China Edges Closer to a Liquidity Trap
- First China Made Bullet Train Makes Maiden Trip
- Souring Business, Xenophobia Makes China Dream Lose Its Appeal for African Migrants
- China to Bring Back Equity Incentives for SOE Employees
- Farewell Medal Mania, Hello Sports Reform
- Dalian Wanda's Property Arm To Delist from Hong Kong in September
- China Behind on Plans to Trim Overcapacity
- Alibaba Rakes in Millions Selling Co-branding Rights to Double 11 Gala
- Can Baseball Finally Hit a Home Run in China?
- Car-Hailing Firms Try New Business Frontiers