| China's Gini coefficient is higher than all developed countries | |
|---|---|
| Feb 21, 2008 00:52 |   |
 | As a sourse reveals, Gini coefficient in China is much higher than that in the developed countries and most developing countries, which is also higher than its history record. The income gap in China has exceeded its reasonable limit. It is reported that the highest income groups in urban area earn 5.6 times salary of the lowest income groups. In rural area, the ratio is 7.2. According to the data publicized by World Bank, the Gini coefficient in China has increased from 0.16 before Reform and Opening policy was introduced to 0.47 at present. It has passed 0.4--the warning line and is higher than all the developed countries. Some experts estimate that the income gap is wider because some people have covert income. According to World Bank's report, only 29 countries' Gini coefficient are higher than China but 27 are from Latin America and Africa. Only 2 are from Asia and they are Malaysia and Philippines. What a grim situation! Do you have any comments on this issue? |
| Feb 21, 2008 07:44 | #1 |
| Don't tell me you are surprised...This is what happens when the cookie jar is limited to a select few with govt and / or family connections. And, it is not going to get any better any time soon. Why? Chalk it up to human nature. People are greedy, plain and simple. And, when the cookie jar is controlled by a handful of elected, unaccountable people, well...what else do you expect? |
| Feb 21, 2008 07:45 | #2 |
| Of course, the last line should read "unelected, unaccountable people..." |
| Feb 21, 2008 19:53 | #3 |
| WCTMAN, I was surprised when reading the news. The income gap issue has been talked many times on this forum but I didn't find any data to show how wide the gap was. After reading the news, I was surprised. In Asia, only two countries' Gini Coefficient are higher than China. Other 27 countries are from Latin America and Africa. The GDP is growing fast but the income gap is widening. If this issue can't be solved appropriately, other serious problems will emerge very soon. |
| Feb 21, 2008 20:47 | #4 |
| JimmyB...Thanks for making me aware of the GINI Coefficient. I checked World Bank web site for that info. but got report dated 2004 for statistics going back to 1999 and even earlier. Did you get info. from World Bank or another source? |
| Feb 21, 2008 20:58 | #5 |
| you guys should check how much GDP does Shanghai contribute to our whole nation, that will give you a little bit ideas how come with those extreme unbalancing. |
| Feb 21, 2008 21:01 | #6 |
| Gary, it was the news that reported the info. The news said it quoted the info from World Bank's 2006 World Development Report but I can't ensure if it was reliable. |
| Feb 21, 2008 21:20 | #7 |
| O.K... thanks for the information. All I know is that when 1-4% of the population earns more than 50%+ of the income for that country then there are going to be problems eventually, whether it be civil unrest, military crackdown, hoarding , etc. which is why (I would guess) there are always problems in parts of Africa or S. America. |
| Feb 21, 2008 21:35 | #8 |
| the structrion of wealth distribution is for developing (china is special case with 1.3 billion population -dev out of balance between east coast and inlands) countries, the ultimate shape for developed countries is olive in terms of distribution. |
| Feb 21, 2008 22:01 | #9 |
| "Is olive in terms of distribution"? Are you saying that the problem(s) are or will be small or insignificant of the other developed countries compared to China? Because of it's larger population? |
| Feb 21, 2008 22:08 | #10 |
| By the way Marrie....while on the subject of China, are most of the Western (Northwestern) provinces of China in agriculture or pasture for livestock as compared to industrialized areas in the Eastern part of China? |
Page 1 of 3 < Previous Next > Page:
Post a Reply to: China's Gini coefficient is higher than all developed countries
Copyright © 1998-2024 All rights reserved.