Income inequality now greater in China than in US | University of Michigan News

Income inequality now greater in China than in US | University of Michigan News "Income inequality in today's China is among the highest in the world, especially in comparison to countries with comparable or higher standards of living," said University of Michigan sociologist Yu Xie. Xie, a researcher with the U-M Institute for Social Research, is co-author with U-M graduate student Xiang Zhou of an article published online this week in the Proceedings of the National Academy of Sciences. The researchers based their main analyses on data from the China Family Panel Studies, a large-scale survey project conducted by Peking University's Institute of Social Science Survey...They found that the Gini coefficient for family income in China is now around 0.55 compared to 0.45 in the U.S. In 1980, China's Gini coefficient was 0.30. In 2012, the Chinese government refused to release the country's Gini coefficient. Generally, when the coefficient reaches 0.5, it indicates that the gap between rich and poor is severe.//so which report is accurate? big difference between 0.73 and 0.55 Ginihttp://ns.umich.edu/new/releases/22156-income-inequality-now-greater-in-china-than-in-us?utm_source=The+Sinocism+China+Newsletter&utm_campaign=d654fb4ad7-The_Sinocism_China_Newsletter_08_04_14&utm_medium=email&utm_term=0_171f237867-d654fb4ad7-29615013&mc_cid=d654fb4ad7&mc_eid=5935182a65