Rich getting richer in China

Posted by Liu Yong | Jun 18, 2005

In China, fresh evidence suggests the gap between the nation’s wealthy and poor is widening.

A survey by the National Bureau of Statistics shows 10-percent of China’s richest enjoy 45-percent of the country’s wealth, while the poorest 10-percent share just over one percent.

The survey, which polled 54,000 urban and rural households, found China’s richest 10 percent had disposable income 12 times greater than the lowest 10 percent at the end of the first quarter of 2005.

Categories : Economy,The Great Divide