China's widening economic fault lines

By Peter Cai

However, during the same period, income for China’s top 20 per cent households nearly doubled. “As a consequence, the income gap between the richest and poorest deciles widened from 19:1 to 25:1, and national inequality increased,” writes Terry Sicular in a report for the World Bank.

China’s hidden household income totalled 6. 2 trillion yuan ($1. 1 trillion) or 12 per cent of the country’s GDP, according to a survey conducted by the National Economic Research Institute.

Read more here: Business Spectator


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