Income Inequality In China Vs Us

From 1978 to 2015 income for those in china s top 10 percent rose from 27 percent of national income to 41 percent.

Income inequality in china vs us. They found that the gini coefficient for family income in china is now around 0 55 compared to 0 45 in the u s. While inequality between china s richest and poorest has widened it is still less than in the us. Income inequality is rising globally but how it impacts the world s two biggest economies may signal problems ahead. This paper reviews the historical trends and patterns of income.

During the same period in the us the top 10 percent increased their share from 35 percent to 47 percent. In 2012 the chinese government refused to release the country s gini coefficient. In 1980 china s gini coefficient was 0 30. Another key difference between income inequality in china and the us has to do with growth in income.

Their analysis found that the poorest half of chinese workers saw their average income grow more than 400 percent from 1978 to 20015. China s economy is the second largest in the world after that of the united states but its gdp is rising fast up 12 4 in dollar terms in 2013 for most nations that would be a stellar year the united states managed 3 2 in the fourth quarter of last year but china had registered 18 or more every year from 2006 to 2011. Since the late 1970s people s republic of china experienced the period of dramatic economic development. Causes and policy responses.

For their american counterparts income decreased 1 percent. As is often the case the growth in household income hasn. Income inequality in china. The bottom 50 percent make 15 percent of the total income and the top make around 13 percent.