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China Gini coefficient at 0.474 in 2012 [Copy link] 中文

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Post time 2013-1-19 10:42:38 |Display all floors
Updated: 2013-01-18 16:50 (Xinhua)

BEIJING - An index reflecting the gap between rich and poor reached 0.474 in China in 2012, higher than the warning level of 0.4 set by the United Nations.

Known as the Gini coefficient, the index has been retreating gradually since hitting a peak of 0.491 in 2008, dropping to 0.49 in 2009, 0.481 in 2010 and 0.477 in 2011, Ma Jiantang, director of the National Bureau of Statistics, told a press conference.

The index stood at 0.479 in 2003, 0.473 in 2004, 0.485 in 2005, 0.487 in 2006 and 0.484 in 2007, Ma said, citing NBS calculations.

The Gini coefficient has stayed at a relatively high level of between 0.47 and 0.49 during the past decade, indicating that China must accelerate its income distribution reform to narrow the rich-poor gap, Ma said.

"After the financial crisis in 2008, China's Gini coefficient gradually dropped from the peak of 0.491 that year as the government took effective measures to bring benefits for its people," Ma said.

Ma said China needs to deal with relations between the market and efficiency, as well as development and distribution.

China has vowed to double the country's 2010 gross domestic output and per capita income for both urban and rural residents by 2020, according to a report released after last year's 18th National Congress of the Communist Party of China.

Ma said that only doubling the GDP and per capita income is not enough. "The country should do a better job at income distribution and strive to make the incomes of low- and middle-income residents grow faster."

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Gold Medal September's Best Writer 2012

Post time 2013-1-19 10:52:22 |Display all floors
This post was edited by 468259058 at 2013-1-19 11:02

From today's news reports, one renowned China's economiist said that the minister of China's Statistics are telling big lies openly.

Most of netizens also said that the minister of China's Statistics are telling lies openly.

In the late 1950s, the gov officials in charge of China's Statistics told big lies: "China produced tonnes of grain in a piece of land of 667 sqm." The economists who dare to tell the truth were abused to death or suffered political prosecution.

China's gov began to arrage more farmers in steel industry and exported a large amount of grain to foreign countries. At last it led to millions of Chinese starving to death from 1959 to 1962.


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Post time 2013-1-19 13:38:51 |Display all floors
It's normal to have such stark differences in a capitalist country. What you have to watch out for is the HDI index, if its high, then its all good.

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Post time 2013-1-21 19:47:18 |Display all floors
Things will have to change, if China is to progress foward

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Post time 2013-2-4 10:16:30 |Display all floors
manoj10 Post time: 2013-1-19 13:38
It's normal to have such stark differences in a capitalist country. What you have to watch out for i ...

Now, Manoj, got any Gini index numbers to support that claim?
您买象牙 - 您杀了大象!
http://v.youku.com/v_show/id_XNjU1Nzg0NDky.html - “用现代文明标准比划中国人,是严重的种族歧视行为。”
„Ich ficke wo, wen, und wann ich will, hast du mich verstanden. Auch du könntest ficken, aber du kannst es ja gar nicht, deine deutsche Genauigkeit... verbietet es dir“. Jean-Claude Juncker

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Post time 2013-2-4 11:18:20 |Display all floors
It's worse than that of the U.S, the world's premier capitalist country. Robert nowhere to be found of course.
I may disagree with what you say, but I'll defend to the death your right to say it - Voltaire

The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them
ignora

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Post time 2013-2-6 17:29:21 |Display all floors
manoj10 Post time: 2013-1-19 13:38
It's normal to have such stark differences in a capitalist country. What you have to watch out for i ...

China a capitalist country??????   
Patria est ubicunque bene/Obsequium amicos, veritas odium parit

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