Tag: Statistics

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China’s Hidden Wealth Feeds an Income Gap

For the New York Times, Didi Kirsten Tatlow looks at the role of the gray economy in obscuring China’s economic figures as the prodigious spending habits of the country’s wealthy elite attract international attention:As year-end reports on 2011 emerge from companies and organizations around the world, an astonishing picture is building of extravagant, high-end Chinese spending that offers