Fresh demographic data from China provides the most up to date picture on the wealth of the nation

James Marlay

Livewire Markets

Fresh demographic data from China provides the most up to date picture on the wealth of the nation. A survey compiled by the Peking University Institute of Social Science shows that China is becoming increasingly unequal as it gets richer. The average net worth of a Chinese household rose 17% between 2010 and 2012 to $71,000. However, about a third of the country's wealth is now in the hands of 1% of citizens whilst the poorest quarter account for just 1% of wealth. A concern arising from the data relates to this inequality which is measured by a countries Gini Co-Efficient. Effectively a score between 0 and 1 - the higher it is the greater the inequality. In China this measure has risen rapidly from 0.45 20 years ago to 0.73 as measured in 2012. This measure has also been linked as an indicator for social unrest. Full article: (VIEW LINK)


2 topics

James Marlay
Co Founder
Livewire Markets

Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.

Expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.