“Gray income” is underreported or unreported income. According to this Century Weekly editorial, “gray income” masks an even deeper income disparity in China than the one previously understood:...
Andrew Batson writes on inaccuracies in reported incomes for the Wall Street Journal’s China Real Time Report: It’s become increasingly widely accepted among researchers that better-off Chinese people not only hide their...
Bloomberg reports: CHINA’S households hide as much as 9.3 trillion yuan (S$1.5 trillion) of income that is not reported in official figures, with 80 per cent accrued by the wealthiest people, a study showed. The money,...
From Danwei: Sohu.com reports on a new study finding that urban residents in China enjoy 4.4 trillion renminbi in “gray” income. “Gray income” includes any income that is (a) illegal, (b) “the rational merit of which is called into question by generally accepted societal moral concepts,” and (c) other income the source of which is […]
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