China’s politically sensitive income gap between rich and poor peaked in 2008 and has narrowed since then, the government said Friday.
The statement was the first in 12 years in which Beijing reported its own calculation of a Gini coefficient, a standard measure for economic inequality. Critics had complained that the authorities were reluctant to release the number because it would highlight the breadth of the gap between the elite, who have benefited from three decades of economic liberalization, and China’s poor majority.
Read Full Article HERE
Associated Press via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/AUrDfsMARvY/
No comments:
Post a Comment