ZhongHuaRising: Inequality Archives

Inequality Archives

Oct18	Can You Save 20% of Your Income? Yuan Yao October 18, 2006 Know More: China Economic Reform, Inequality 2.0, China Economic Reform 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... Posted at 8:11 PM \| Permalink \| Comments
Sep22	China Tightens up Tax Rules to the Richest Yuan Yao September 22, 2006 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 Posted at 12:38 PM \| Permalink \| Comments
Aug23	On Income Inequality Yuan Yao August 23, 2006 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 Posted at 9:08 AM \| Permalink \| Comments
Aug22	Wake-Up Call Yuan Yao August 22, 2006 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 Posted at 2:51 PM \| Permalink \| Comments

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