TOPIC: Tools » Institutions » National » China » Dom. Policies » Economy
Category
articles
Date
2012-12-15
Actor
Economist
Source
Economist
Uploaded date
2012-12-18
Uploaded by

Inequality in China: To Each, not According to His Needs

"According to a new survey, the top tenth of Chinese households took home 57% of the income in 2010. The country’s Gini coefficient was 0.61, far higher than previous estimates (which ranged from 0.41 to 0.48). The survey, known as the China Household Finance Survey (CHFS), was overseen by Gan Li of Texas A&M University and Southwestern University in Chengdu, the capital of Sichuan province. Modelled on the Federal Reserve’s Survey of Consumer Finances ... the CHFS covers 8,438 households in China, excluding Tibet, Xinjiang, Inner Mongolia, Hong Kong and Macau." (Quoted from article)

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