18 January 2019

China 2013 income gap eases, paper says

China saw a slight narrowing of the gap between rich and poor in 2013, Shanghai Daily reported Monday, citing an index of income inequality. The Gini coefficient fell to 0.473 last year from 0.474 in 2012, the National Bureau of Statistics (NBS) said. The figure is above the 0.4 warning level set by the United Nations, the report said. It means China needs to improve the allocation of resources and speed up income reform, NBS chief Ma Jiantang was quoted as saying.

– Contact HKEJ at [email protected]


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