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)

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James Marlay
Co Founder
Livewire Markets

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