Rising incomes in rural China and a younger workforce are creating a more equal society in the country, according to reports. The Gini coefficient, an estimation of wealth division late 2012 (where 0 is equal distribution among everyone and 1 means a single person owns everything) places China at 0.49, and insiders believe the move toward greater equality will continue. Li Shi of Beijing Normal University said: “Even if official data understate the degree of inequality, the trend of lessening inequality is believable”.
Rising incomes in rural China and a younger workforce are creating a more equal society in the country, according to reports. The Gini coefficient, an estimation of wealth division between 0 and 1 (where 0 is equal distribution among everyone and 1 means a single person owns everything) places China at 0.49, and insiders believe the move toward greater equality will continue. Li Shi of Beijing Normal University said: “Even if official data understate the degree of inequality, the trend of lessening inequality is believable”.