Inequality Archives

Oct18
Can You Save 20% of Your Income?
The Chinese saving rate has stayed around 35% for many years. However, analysts said this number is incorrect. According to a new report by McKinsey “Putting China's capital to work”, Chinese households actually save 23.8% of their disposable income, much...
Sep22
China Tightens up Tax Rules to the Richest
A new personal income information system will soon be established to screen the actual status of high-income people, announced by the State Administration of Taxation of China on Thursday. “There are some loopholes in collecting income taxes from this group... Continue Reading
Aug23
On Income Inequality
U.S. Treasury Secretary Henry Paulson recently said that economic inequality is rising in America, and rising inequality is mainly a story about rising wages for the highly educated. He argued that nothing can be done about this trend, and that... Continue Reading
Aug22
Wake-Up Call
The rising income gap between the rich and the poor has been a hot topic to many people in China. The survey by China Youth showed that 98% of the Chinese felt that the income gap nowadays was larger than... Continue Reading
 


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