Understanding China, One Blog at a Time

An American in China

China Has One of the Worst Income Disparities in the World

Posted by w_thames_the_d on September 25, 2013


Income disparity is an economic term meaning lack of equality of people’s salaries. It is measured in order to expose problematic regions where the have’s own much more than the have nots. The reason for monitoring this is that when income inequality reaches a critical point, people revolt and bad things ensue.

China at present, has one of the most unequal economies in the world. It is now home to the second most billionaires on the planet and over the past year, that number increased by 60 people. Paradoxically, at the same time, the poor have suffered even more. Rental prices are up at least 30% per year and buying an overseas education takes over 100 years for most workers. The average Chinese needs to work three months to buy an Iphone, 9.6 years to purchase a decent car and 160 years to buy 100 square meters if mediocre Beijing housing. Aside from this, about 200 million people, or two Mexico’s worth if Chinese live on $1 per day.

Teenagers are arrested fir their blog posts and human rights activists ‘disappeared’ before the annual ‘human rights convention’ recently held in Beijing. No longer can Chinese find out how much land the wealthy own, and a ‘free internet’ an oxymoron.

With all this going on, the typical Chinaman is plenty pissed off, and Beijing keeps tightening the screws. Foreigners are detained and imprisoned, that is if they are lucky/un enough to even get a visa. The tension across China is a 1.3 billion person anger balloon and trampled rights are the needle being jammed into its core.

One Response to “China Has One of the Worst Income Disparities in the World”

  1. telefonkatalogen.biz

    China Has One of the Worst Income Disparities in the World « Understanding China, One Blog at a Time

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