1. Inequality dynamics in China: Income growth for the poor, but more for the rich
- Author:
- Shi Li and Terry Sicular
- Publication Date:
- 12-2018
- Content Type:
- Policy Brief
- Institution:
- United Nations University
- Abstract:
- In the late 1970s, China embarked on a major programme of economic transition and reform. Since then, China’s economy has been transformed from a socialist planned economy to a predominately market economy characterized by a combination of state, private, and mixed forms of ownership. Over the past forty years, household incomes have risen six-fold, poverty has declined dramatically, and in recent years a new class of ultra-rich has emerged. These developments have naturally led to questions about inequality trends in China.
- Topic:
- Economics, Poverty, Reform, Income Inequality, and Welfare
- Political Geography:
- China and Asia