rural income

Microfinance Empowers Chinese Women

In early May, China’s main P2P microfinance organization Wokai announced that it will temporarily close its operations. This organization was solely directed at lending money to impoverished farmers in China. Fortunately, new...

Visual Economics: China’s Growing Wealth Gap

Visual Economics (via Shanghaiist) has produced an infographic on the growing wealth gap between rural and urban Chinese: , which provides the statistic that more than 100 cities in China have more than one million people,...

Minister: China’s Wealth Gap Widens – AP

Bad news for the Hu Jintao government’s efforts to ease the social disruptions of uneven economic growth. From the Associated Press via TIME: The average city dweller’s income was 3.28 times that of a rural resident’s in 2006, up from 3.23 times in 2003, Agriculture Minister Sun Zhengcai said in a report to China’s legislature, […]

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

From Asia Times: The rate of income growth of farmers 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 […]

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