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. In China, there has been no shortage of protests against rising inequality.
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”.