May 25, 2023
1 min read

Rich-poor gap worsening in China

China’s Gini coefficient has grown sharply to 0.466 points in 2021, which is above the warning level set by the United Nations of 0.4. …reports Asian Lite News

China is facing a large income gap between its rich and poor, shows China’s income distribution statistics, according to The Times of Israel.

China’s Gini coefficient has grown sharply to 0.466 points in 2021, which is above the warning level set by the United Nations of 0.4. By comparison, countries such as Germany, Canada, and Japan all have estimated Gini coefficients that hover at just over 0.3.

According to The Times of Israel, there is a significant income gap between China’s urban and rural households, as well as between different provinces in China. Beijing and Shanghai had a 2021 per capita income which was 227 per cent of the average national per capita income of USD 12,551.

At the other extreme, China’s poorest province, Gansu, had a per capita income of just 51 per cent of the national average. This indicates a growing inequality in China, which can have serious social, economic, and political implications.

Workers have been left without the capabilities needed to excel in the high-skilled, high-wage jobs that are appearing as China’s economy seeks to reach high-income status due to continued inequality in access to education and healthcare.

China’s Hukou household registration system has left migrant workers without full access to healthcare, education, pension and unemployment benefits. The consequence is that a large segment of the population is living in relatively precarious conditions, as per The Times of Israel.

Only an estimated 16 per cent of rural migrants working in cities were covered by pension benefits, only 18 per cent had urban health insurance, and only ten per cent had unemployment insurance. (ANI)

ALSO READ: Debt crisis looms for China as bad loans mount under BRI

Previous Story

Jaishankar holds talks with US, Nepal envoys

Next Story

Rahul to talk at Stanford University on May 31

Latest from -Top News

Mock drills held nationwide 

The nationwide mock drills are part of the government’s broader strategy to enhance civil defence capabilities and coinciding with the Pahalgam attack and India’s retaliatory action to it.   India conducted large-scale

India’s deepest strikes since 1971 

By extending its strike capabilities deep into Pakistan’s heartland, India has redrawn the contours of conventional deterrence in the subcontinent. This could embolden future Indian responses to cross-border terror attacks, but it

PM calls off Europe trip 

The visit was slated to include India’s participation in the 3rd India-Nordic Summit in Oslo on May 15–16.  Prime Minister Narendra Modi has postponed his forthcoming visits to Norway, Croatia, and the

UK urges direct dialogue 

Describing the situation as a “serious concern,” British Foreign Secretary David Lammy urged both nuclear-armed neighbours to avoid escalation and prioritise diplomatic avenues.  UK Foreign Secretary David Lammy has called on India

Trump urges restraint between India, Pak 

Speaking on the April 22 Pahalgam terror attack, Trump said that both India and Pakistan should work the crisis out  US President Donald Trump on Wednesday expressed his concern over the escalating
Go toTop

Don't Miss

China PC market suffers 24% fall

Lenovo remained the top vendor in mainland China but posted

China backtracks on Ukraine stance?

China on Friday emphasised that “it is absolutely imperative that