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How is China's wealth distributed?   [Copy link] 中文

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Post time 2014-7-27 10:44:58 |Display all floors

About one percent of Chinese households own one-third of the nation's wealth, raising concerns about income inequality in the world's most populous country, according to a study by Peking University.

Chinese households on average had a net worth of 439,000 yuan (about 71,000 U.S. dollars) in 2012, up 17 percent from the 2010 level, the university's Institute of Social Science Survey said Friday in its latest report on China's livelihood development.

However, income inequality rose rapidly during the period, the report said, as the top one percent of Chinese households held more than one-third of the nation's wealth, while 25 percent of households at the bottom owned only 10 percent of the country's property value.

The researchers based their main analysis on 2012 data from the China Family Panel Studies, a large-scale survey project conducted by the institute.

The report showed about 74.7 percent of Chinese household wealth came from owning real estate.

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Post time 2014-7-27 11:52:30 |Display all floors
seneca Post time: 2014-7-27 11:46
The Party's most urgent task is to lift the standard of living of 1 billion Chinese so that if the  ...

I can't believe that you actually wrote such a thoughtful post! Ten years as a member of this BBS and this might be the first time I read something reasonable from you: maybe after all, that wine you produce is having a positive effect on your brain!

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2015 Most Popular Member Medal

Post time 2014-7-27 13:54:22 |Display all floors
There is always room for improvement but China is far and away superior to the capitalist west where
85 of the richest people have as much wealth as the lower 1/2 of the world's entire population.
That's 85 to 3,500,000,000
That's what capitalism has to offer as far as equitable wealth distribution.
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

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Post time 2014-7-27 18:00:15 |Display all floors
robert237 Post time: 2014-7-27 13:54
There is always room for improvement but China is far and away superior to the capitalist west where ...

What's your source for those numbers?

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Post time 2014-7-27 18:04:20 |Display all floors
MrMao Post time: 2014-7-27 18:00
What's your source for those numbers?

OXFAM,  Forbes, Credit Suisse, USA TODAY,  The Huffington Post.......etc.

Chose the source you like!

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Post time 2014-7-27 18:06:14 |Display all floors
longzhou Post time: 2014-7-27 18:04
OXFAM,  Forbes, Credit Suisse, USA TODAY,  The Huffington Post.......etc.

Chose the source you li ...

The original source?

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Post time 2014-7-27 18:07:33 |Display all floors
So in terms of statistics, China's wealthiest (1%)  own 33% of the country's wealth while around the world  the wealthiest (1%) own 50% of the wealth.

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