http://news.yahoo.com/s/ap/20050921/ap_on_bi_ge/china_wealth_gap
SHANGHAI, China - The gap between China's richest and poorest citizens is approaching a dangerous level and could lead to social unrest, state media reported Wednesday, citing a government study.
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The most affluent one-fifth of China's population earn 50 percent of total income, with the bottom one-fifth taking home only 4.7 percent, said the report by the official Xinhua News Agency, carried in newspapers Wednesday.
"The income gap, which has exceeded reasonable limits, exhibits a further widening trend. If it continues this way for a long time, the phenomenon may give rise to various sorts of social instability," it said.
that sounds fishy.
either the chinese gvmt is looking for an excuse to justify pulling out some reform in the name of "social welfare" thats gonna screw/rob the wealthy chinese....
or its just bad wording for "the rich chinese are getting richer faster than the poor chinese are" which is a logical conclussion....
thoughts?
SHANGHAI, China - The gap between China's richest and poorest citizens is approaching a dangerous level and could lead to social unrest, state media reported Wednesday, citing a government study.
ADVERTISEMENT
The most affluent one-fifth of China's population earn 50 percent of total income, with the bottom one-fifth taking home only 4.7 percent, said the report by the official Xinhua News Agency, carried in newspapers Wednesday.
"The income gap, which has exceeded reasonable limits, exhibits a further widening trend. If it continues this way for a long time, the phenomenon may give rise to various sorts of social instability," it said.
that sounds fishy.
either the chinese gvmt is looking for an excuse to justify pulling out some reform in the name of "social welfare" thats gonna screw/rob the wealthy chinese....
or its just bad wording for "the rich chinese are getting richer faster than the poor chinese are" which is a logical conclussion....
thoughts?