Tag: Housing prices

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Inflation and Inequality

It is a truth, Zhu Rongji acknowledged, that a country with a Gini coefficient above 0.4 may be at risk of social unrest due to severe income inequality. While China’s official figure has been hidden for over ten years, South China Morning Post’s Tom Holland notes a recent study putting it as high as 0.53, and explains why this matters: Such a fast-rising wealth gap is not just an acad