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Thread: China's Gini coefficient is higher than all developed countries

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[quote=JIMMYB,271276]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?[/quote]

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