Qiu Xin: No well-off farmers, no well-off China

From Asia Times:

The rate of income growth of has been falling ever since the late 1990s. Statistics indicate that the rural net income per capita increased by a meager 695.9 yuan (US$84) in the seven years between 1997 and 2003, while the urban net income per capita jumped by over 3,480 yuan during the same period, double the annual growth rate. As a result of this difference in growth rates, the income disparity between urban and rural residents officially reached 3.2 to 1 in 2003, and many observers have warned that the growing income gap between urban and rural residents will jeopardize social stability.

April 28, 2005 5:31 PM
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