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China among most unequal states: survey [Copy link] 中文

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Post time 2012-12-10 20:35:22 |Display all floors
December 10, 2012


SHANGHAI: China's wealth gap has widened to a level where it is among the world's most unequal nations, a Chinese academic institute said in a survey, as huge numbers of poor are left behind by the economic boom.


China's Gini coefficient - a commonly used measure of inequality - was 0.61 in 2010, the Survey and Research Center for China Household Finance said, well above what some academics view as the warning line of 0.40.


A figure of 0 would represent perfect equality, and 1 total inequality.


"Currently, China's household income gap is huge," said the institute, founded by the Southwestern University of Finance and Economics and the Institute of Financial Research, which operates under China's central bank.


"The Gini coefficient is as high as 0.61, rare in the world."


In a sign of the sensitivity surrounding the issue the government has not released an official Gini coefficient for the country as a whole for more than a decade, since it put the statistic at 0.412 in 2000.


A figure of 0.61 would put China at the top of a list of 16 countries by 2010 Gini coefficient on the World Bank website. The largest set of figures available on the site is for 2008, covering 47 countries and headed by Honduras on 0.613.


The Global Times newspaper, which reported the latest survey results on Monday, said China's wealth gap had reached an "alarming" level.


But the research centre played down its own findings, saying such a phenomenon was common in rapidly developing economies.


It called on the government to use its vast financial resources to support low-income earners in the short term, while improving education to help address the imbalance in the long term.


"The Gini coefficient certainly points to the serious issue of income inequality," the director of the Chengdu city-based centre Gan Li told AFP.


"But more importantly about the interpretation of the figure is that it does not necessarily indicate imbalance in China's economy," he said, adding it was normal for greater resources to flow to developed areas.


"There's no need to make a big fuss about it."


The government-backed Chinese Academy of Social Sciences estimated China's Gini coefficient at nearly 0.47 in 2005.


Another research institute, the Centre for Chinese Rural Studies, in August put the Gini coefficient at around 0.39 for rural residents last year, but gave no figure for the overall national level.


(AFP)


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Post time 2012-12-10 20:53:39 |Display all floors
Well my friend a Gini is a false marker and has almost zero relevance ............

If zero is perfect equality then really poor countries which have no money then these countries rate nearly zero because there is little to no disparity as no one has anything ..........

But in a developing country with a strong economy then this will be nearer to one as the new money has had not had chance to change everyone's life  ..............

A Gini scale is only relevant when comparing similar countries such as those in Europe  ............   




What the world needs is more geniuses with humility, there are so few of us left  -   Oscar Levant

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Post time 2012-12-10 20:57:45 |Display all floors
expatter Post time: 2012-12-10 20:53
Well my friend a Gini is a false marker and has almost zero relevance ............

If zero is perfe ...

Gini coefficient is inherently limited because of its relative nature.

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Post time 2012-12-10 21:09:15 |Display all floors
dostoevskydr Post time: 2012-12-10 20:57
Gini coefficient is inherently limited because of its relative nature.

Yes indeedy ..............   

It would for example be unfair to use it in comparison of European states and Africa  ...............

It's purpose would seem to be to give bureaucrats a job doing very little except producing data that does not explain anything  ..................        


An interesting factor is that the CIA compile part of the statistics  ..............     


What the world needs is more geniuses with humility, there are so few of us left  -   Oscar Levant

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Post time 2012-12-10 21:17:54 |Display all floors
heard of survival of the fittest or you just want to sit there and share somebody's wealth  
a man who uses his hands is a laborer. one who uses his hands and his mind is a craftsman. but he who uses his hands, his mind, and his heart, is an artist...

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Post time 2012-12-11 02:23:30 |Display all floors
The Gini coefficient is highly relevant when measuring inequality - not in spite, but because of its relative nature.

However, if Chinese people don't care about inequality, there's nothing wrong with it - the idea of a society of equals comes from Europe - and it might not be sought after in China.

Personally, I don't care much about inequality. I don't feel bad if a billionaire is sitting beside me for dinner. But I do judge a society by the way its weakest members are living.

Thus, I do think that there would be still a lot of room for improvement in China, especially on countryside. Not only in the sense of how much money the poorest (and mentally least able) receive - but also in the way other villagers treat them.
So why not invite a migrant worker for lunch and simply listen to their story? Because what most people are desperate for, even more than food, is appreciation - and what great appreciation could there be than simply showing someone that he or she is worth your time? Now that Christmas and, a little later, Spring Festival are approaching, this imght be a good deed worth contemplating

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Post time 2012-12-11 09:19:19 |Display all floors
Everynowhere Post time: 2012-12-11 02:23
The Gini coefficient is highly relevant when measuring inequality - not in spite, but because of its ...

Gini coefficient is irrelevant because India has lower gini than USA.

Also, Chinese people are the owners of SOE,  so they are entitled to profits from SOE, though the money is not put into their pockets, those money is used to improve their lives.

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