China’s urban income gap widens to alarming level – Xinhua
The State Development and Reform Commission (SDRC) said in a report issued on Sunday that China’s urban income gap between rich and poor has widened to an alarming and unreasonable level.
The SDRC made the announcement in line with a social investigation into China’s urban residents and relevant statistics from the National Bureau of Statistics.
The SDRC said China’s income gap is continually expanding. At present, China’s Gini Coefficient (an internationally accepted measurement of income equality) is 0.4, the international benchmark for alarm.
And the SDRC warns the actual figure may be even higher as a number of incomes may have been underestimated.