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What Is the Level of Income Inequality in China?
Article

What Is the Level of Income Inequality in China?


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Editorial Rating

8

Qualities

  • Comprehensive
  • Analytical
  • Background

Recommendation

Experts believe that the growing income inequality in China is a threat to social stability – and thus to the government. Fu Yifu, a researcher at the Suning Institute of Finance, takes a look at the changes in income inequality since the beginning of the 21st century. getAbstract recommends this article to anyone interested in Chinese societal issues. 

Take-Aways

  • The income inequality in China, as measured by the Gini coefficient, has reached a concerning level. 
  • In 2016, the disposable income of the highest-earning 20% of Chinese citizens was 10 times more than that of the lowest-earning.
  • People in the finance, information technology and computer software sectors can earn the most. The agriculture, forestry, animal husbandry and fishery sectors remain the lowest-income industries.

About the Author

Fu Yifu is a researcher at the Suning Institute of Finance, which publishes more than 400 articles every month on topics like financial technology, consumer finance, supply chain finance, macroeconomy, regional economy and industrial development.