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Index shows wealth gap at alarming level

By Wei Tian (China Daily)

10:47, January 19, 2013

A beggar, with a feather duster in hand, loiters among heavy traffic in Beijing, offering "cleaning services" in exchange for money. China's miraculous economic growth in past decades has left an increasing number of people behind financially. Mao Yanzheng / China Daily


Experts suggest social equality has been sacrificed for growth

An index that monitors the gap between the rich and poor has reached what experts consider an alarming level in China.

The Gini coefficient hit 0.474 in China in 2012, higher than the warning level of 0.4 set by the United Nations, the National Bureau of Statistics said on Friday.


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