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Gap Between China's Rich, Poor Alarming

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Gap Between China's Rich, Poor Alarming
Topic: Business 3:07 am EDT, Sep 21, 2005

The most affluent one-fifth of China's population earn 50 percent of total income, with the bottom one-fifth taking home only 4.7 percent, said the report by the official Xinhua News Agency, carried in newspapers Wednesday.

"The income gap, which has exceeded reasonable limits, exhibits a further widening trend. If it continues this way for a long time, the phenomenon may give rise to various sorts of social instability," it said.

Interesting. I wonder if they were taking a shot at the US about as the respective US numbers are 50.1% at the top, with the bottom fifth making 3.4%

Gap Between China's Rich, Poor Alarming



 
 
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