Income Disparity In China

China has achieved remarkable economic success in the past three decades and has become the second-largest economy in the world after the United States. However, accompanying this rapid economic growth is an increasing income inequality. In recent years, China's income disparity has reached an alarming level, making it one of the countries with the most unequal income distribution in the world. The widening income gap is the root cause of many issues in contemporary China. How should China step up distribution system reform? How should China deepen the reforms to its fiscal and tax systems? Should the government increase wages to achieve the income multiplication plan? What is the fundamental measure to tackle income disparity issues in China? With in-depth analysis and empirical studies on these questions, this book provides comprehensive perspectives on China's income disparity issues that most international scholars are concerned about. Contents:The Widening Gap between the Rich and the Poor will Inevitably Divide the SocietyLewis Turning PointSurplus Rural LaborStory Behind the Labor ShortageRule of Industrial TransferConsumption and Expansion of Domestic DemandHow Long Can the High Savings Ratio Last?The Proportion of Labor CompensationIs the Gap Between Urban and Rural Areas Widening or Narrowing?The Minimum Wage Law is a Double-edged SwordThe Population Trap and the Demographic DividendTax Reform and the Gap between the Rich and the PoorPreparing for Danger in Times of Peace to Prevent a Financial CrisisPopulism Experiment of Latin AmericaWho Divides Thailand?Criticizing Populism and Depending on Market Mechanisms to Narrow the Gap between the Rich and the Poor Readership: Graduates, professionals, academics and researchers who are interested in Chinese economy, especially in China's urban-rural gap and income disparity. Keywords:Income Disparity;Tax Reform;Minimum Wage;Labor Shortage;Lewis Turning Point;Demographic Divided;PopulismKey Features:Income disparity is one of the biggest challenges faced by the Chinese governmentThis book gives recommendation of policies for the Chinese government to narrow the income gapThis book discusses populism based on case studies in Latin America and some Asian countries

Over the past quarter-century China has seen a dramatic increase in income inequality, prompting a shift in China's development strategy and the adoption of an array of new policies to redistribute income, promote shared growth, and establish a social safety net. Drawing on of household-level data from the China Household Income Project, Changing Trends in China's Inequality provides an independent, comprehensive, and empirically grounded study of the evolution of incomes and inequality in China over time. Edited by leading experts on the Chinese economy, the volume analyzes this evolution in China as a whole as well as in the urban and rural sectors, with close attention to measurement issues and to shifts in the economy, institutions, and public policy. Specific essays provides analyses of China's wealth inequality, the emergence of a new middle class, the income gap between the Han majority and the ethnic minorities, the gender wage gap, and the impacts of government policies such as social welfare programs and the minimum wage.

Food, consumption, demand, agricultural research, fertilizer, land, water resources, infrastructure, domestic grain, international grain market, economy, business, markets, tariffs, environment, health, productivity, pollution, energy, industry, water, urban transportation, pension reform, elderly, education, employment, rural, urban, income, poverty.

Thesis (M.A.) from the year 2019 in the subject Business economics - Economic Policy, grade: 1,7, University of Bayreuth, language: English, abstract: This thesis aims to shed light to the various characteristics and sources of income inequality in China and thereby demonstrate their interrelations on economic growth using a literature review approach and by examining the impact of differences in the propensity to save among various Chinese income groups. In the course of this, China’s current degree of income inequality is established, while identifying various forces and drivers behind these changes since the economic opening process initiated in 1978. Since adoption of the open-market policy reforms in 1978, China has experienced rapid economic growth. At the same time, its level of income inequality turned from one of the world's most equal to one of the most unequal. During long periods of time China was the country that experienced the fastest increase in income inequality. This bags the question whether income inequality is in fact the causal reason for economic growth or the necessary outcome of it. In the wake of this, income inequality in China has developed into several dimensions of inequality drivers ranging from an extensive urban-rural inequality, cross-regional inequality, inequality of education or wealth inequalities.

China has experienced spectacular economic growth since 1978, averaging 8 to 9% per year. However, economic disparities have also widened very significantly. This book presents papers exploring the causes.

China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper identifies various drivers behind these trends – including structural changes such as urbanization and aging and, more recently, policy initiatives to combat it. It finds that policies will need to play an important role in curbing inequality in the future, as projected structural trends will put further strain on equity considerations. In particular, fiscal policy reforms have the potential to enhance inclusiveness and equity, both on the tax and expenditure side.

A collection of 13 essays based on two national surveys of household income in China - in 1985 and 1995 - and prepared and carried out by the research team. These essays explore a wide range of aspects of the rapidly changing income distribution during this period.

This book explores trends of inequality and poverty in China, identifies their causes and assesses their consequences, analyzing in detail the regional/personal variation in incomes, measures of human wellbeing, the gap between the coastal regions and the interior regions, and urban–rural disparity.