Understanding China, One Blog at a Time

An American in China

Scary Income Disparity in China-800 People Have 16% of the Wealth- Unequal Wealth Distribution in China

Posted by w_thames_the_d on August 3, 2010


I blogged this before, but take a look at the stats below. It says that in China, 800 people have about 16% of the total wealth of China! This is astounding, in a country with so many people that so few have such a high percentage of the wealth.

To put it into perspective, this means that
800 people have 16% of the money and
1,299,999,920 have 84%

This is scary as such a disequilibrium in wealth is often associated with bad things, ie revolutions etc.
Now, to further investigate the situation in China, we see that:
-China and Hong Kong are numbers one and three in the Asia Pacific Region for the worst distribution of income. The implications are dramatic and scary.

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