Since the turn of the millennium, China has become the fastest growing economy in the world. This growth resulted in significant improvements in real living standards and reduction in poverty rates. The World Bank estimates that more than 60% of the population lived below the poverty line of $1 per day (PPP) at the start of the economic reforms. By 2004, poverty had fallen to 10 percent,[1] suggesting that approximately 500 million people had been lifted out of poverty in one generation. At the same time, the pace of change has brought mixed results. China faces serious natural resource shortages and environmental problems. As people live in different areas, the differences between types grow.[2]
In the past decade or so, China's Gini coefficient[3] has generally been fluctuating and declining. After reaching its highest point of 0.491 in 2008, the Gini coefficient of the national per capita disposable income has shown a fluctuating downward trend since 2009. It dropped to 0.468 in 2020, with a cumulative decrease of 0.023. At the same time, the adjustment of residents' income distribution is increasing. During the "Thirteenth Five-Year Plan" period, the average annual net transfer income per capita of residents across the country increased by 10.1%, faster than the growth of overall residents' income.[4]
China's current mainly market economy features a high degree of income inequality. According to the Asian Development Bank Institute, “before China implemented...
Wealth disparity in major cities Economicinequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money...
national budget. In 2020, the COVID-19 pandemic exacerbated economicinequalityin South Korea. South Korea's President, Moon Jae-in, attributed a deepening...
approaches to examine and explain economicinequality, both fields are actively involved in researching this inequality. However, social and natural resources...
In 2021, China ranked 48th out of 191 countries on the United Nations Development Programme's Gender Inequality Index (GII). Among the GII components...
The Chineseeconomic reform or Chineseeconomic miracle, also known domestically as reform and opening-up (Chinese: 改革开放; pinyin: Gǎigé kāifàng), refers...
reduction in inequalityin modern history.: 23 China has maintained a high growth rate for more than 30 years since the beginning of economic reform in 1978...
Education inequalityinChina exists on multiple levels, with significant disparities occurring along gender, geographical, and ethnic divides. More specifically...
In justifying opening up and the series of economic reforms that ensued inChina, Deng Xiaoping referred to Karl Marx and his theories, which predicted...
times the $59,300 income of the middle quintile. The economic and political impacts of inequality may include slower GDP growth, reduced income mobility...
central concern. Unequal distribution of income causes economicinequality which is a concern in almost all countries around the world. Classical economists...
measurement of economicinequalityin Part I, trends in global income inequalityin Part II, public versus private capital dynamics in Part III, trends in global...
Income inequalityin India refers to the unequal distribution of wealth and income among its citizens. According to the CIA World Factbook, the Gini coefficient...
Gender inequality is the social phenomenon in which people are not treated equally on the basis of gender. This inequality can be caused by gender discrimination...
of economic globalization are widely shared. While several globalizers have seen an increase ininequality, most notably China, this increase in inequality...
cross-sectional income inequality and persistence of income across generations. The scatter plot shows a correlation between income inequalityin a country and...
Kuznets in the 1950s and 1960s. According to this hypothesis, as an economy develops, market forces first increase and then decrease economicinequality. The...
income inequality reduces economic growth. The Galor and Zeira's model predicts that the effect of rising inequality on GDP per capita is negative in relatively...
with the 22nd lowest income inequality by Gini index in the world. The Hungarian economy is the 53rd-largest economy in the world (out of 188 countries...
International inequality refers to inequality between countries, as compared to global inequality, which is inequality between people across countries...
Gender inequalityin India refers to health, education, economic and political inequalities between men and women in India. Various international gender...
The Gender Inequality Index (GII) is an index for the measurement of gender disparity that was introduced in the 2010 Human Development Report 20th anniversary...
The 2008–09 Chineseeconomic stimulus plan (simplified Chinese: 扩大内需十项措施; traditional Chinese: 擴大內需十項措施; pinyin: Kuòdà Nèixū Shíxiàng Cuòshī) was a RMB¥...
2011. Business Insider. OECD 2015 In It Together Chapter 1 Overview Inequality. 21 May 2015. Organisation for Economic Co-operation and Development. More...
is to link some 2.4 billion consumers inChina and India with Asia's newest economic grouping, the ASEAN Economic Community, of which Thailand is a member...
post-Mao China also suggest that “FDI has contributed to the widening of income inequality between the inland and coastal regions inChina.”[citation...
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