Understanding China, One Blog at a Time

An American in China

China’s Outrageous Income Disparity

Posted by w_thames_the_d on January 22, 2014


China’s communists have run off with between $1billion and $4 billion over the past 13 years. At the same time, 300 million Chinese live on less than $2 per day.

I guess killing babies and stealing land are a great way to make cash!

Say ‘Hi’ to your new Chinese neighbors-btw…

China’s inequality problem

Income inequality is a mounting issue in China, a consequence of the country’s rapid growth. A Beijing university study suggests that income at the richest 5th percentile are 34 times higher than those of the bottom 5th percentile.
percentile

5%
¥1,000
$170

10
¥2,000
$340

25
¥4,500
$765

50
¥9,000
$1,530

75
¥15,900
$2,703

90
¥25,800
$4,386

95
¥34,300
$5,831

Source: Beijing university study, 2012 incomes

http://www.theguardian.com/world/ng-interactive/2014/jan/21/china-british-virgin-islands-wealth-offshore-havens

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