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Economic inequality

This tag is associated with 4 posts

Housing, spatial price differences, and inequality in China


Many studies find evidence of a growing income inequality in China. However, the majority of these studies may be constructing biased measures of inequality. This column presents evidence from a new study on how inequality in China is overstated if one ignores the spatial differences in the cost of living. With a booming urban housing … Continue reading

‘Hidden income’ makes China’s rich wealthier than thought


Hong Kong — China’s urban rich are making far more than they officially report, suggesting the wealth gap in the world’s second largest economy is much higher than previously thought, according to a new study. The China Society of Economic Reform released a survey Monday that found “gray income” was 6.2 trillion yuan (U.S. $1 … Continue reading

$2.34 trillion untaxed income in China every year


The Chinese hide as much as 14.7 trillion yuan [2.34 trillion US dollars] in income per year from the government’s official numbers, deputy director of the National Economic Research Institute Wang Xiaolu reported during a recent talk at the Finance Museum. China‘s grey income, or unreported income, came to 9.3 trillion yuan [1.49 trillion US dollars] in 2008 … Continue reading

China’s wealth gap to be cut


Beijing will look to boost farmers’ income, protect their land rights and seek more equitable treatment for migrant workers in cities, reports from the annual rural work conference said yesterday. Agriculture Minister Han Changfu told the two-day Central Rural Work Conference that the government would aim to narrow the gap between rural and urban residents … Continue reading

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