Contact Us
Sign In / Sign Up for FREE
Go to advanced search...
Nobody downloaded yet

Income Gap in China - Term Paper Example

Comments (0) Cite this document
The author states that despite the development of the reforms that led to an increase in economic growth, the income gap has still increased in China. There is a wide gap in income between the nation’s top earners and those at the bottom of the pay grade of Chinese family wealth and living habits…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95% of users find it useful
Income Gap in China
Read TextPreview

Extract of sample "Income Gap in China"

Download file to see previous pages The difference between the earning rates between the rich and the poor is referred to as the income gap. The gap is also known as the middle class. The economy of China has developed faster since the development of the reform and open policy in 1978. But more recently attentions have been drawn to the more important and relevant potential contribution of inequality and poverty as discussed by Wan (2007). Information can be obtained from two sources: the annual national household income from the China Household National Income Project (CHNIP), and expenditure survey of the National Bureau of Statistics (NBS). According to the data provided by the National Bureau of Statistics of China, the average growth rate in the last 10 years reached 9.15%, which makes China the third-largest economic entity.

And a much similar survey done by the World Bank China Poverty Assessment group in 20006 also indicated a great deal in income gap and distribution in relation to location. A survey that was done in 2002 showed that households in the top 5% income bracket earned 23% of China’s total household income distribution, while the households in the lowest 5% accounted for 0.15 of the total income distribution in the country (Gustafsson and Li, 2002).

It is said that wealth distribution and income inequality are two different concepts, in that wealth distribution considers how the ownership of assets in a given society is being shared among members, while income inequality focuses solely on the income side of the equation. Despite all the differences in the concept, both income inequality and wealth distribution helps in measuring and charting the economic gap within a country’s wealthiest and poorest citizens in relation to the same country’s development. The rising income inequality is considered one of the effects of economic reforms. Over the last ten years, economic inequality has been growing particularly in more developing countries where, historically, it had been contained initially, such as China. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Income Gap in China Term Paper Example | Topics and Well Written Essays - 2500 words, n.d.)
Income Gap in China Term Paper Example | Topics and Well Written Essays - 2500 words.
(Income Gap in China Term Paper Example | Topics and Well Written Essays - 2500 Words)
Income Gap in China Term Paper Example | Topics and Well Written Essays - 2500 Words.
“Income Gap in China Term Paper Example | Topics and Well Written Essays - 2500 Words”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Compare certain aspect of India and China

...-running conflict with Pakistan, the Chinese threat is most dreaded. In addition to managing the pressures exerted by China in its north east border, India perceives China to be a potential rival for influence in the Indian Ocean. China’s investments in civilian port facilities at Bangladesh, Myanmar, Pakistan and Sri Lanka are feared by India. Projecting Chinese naval base in these countries in future is the crux of India’s fear over Indian Ocean. (SIPRI, 2011, p.166) 5.2 Inequality related conflicts: Income gap in China does not seem to narrow in the near future. On the other hand, the situation is likely to worsen due to rural urban cleavage. But, measurements like inequality like concentration of political power and social status remain...
20 Pages(5000 words)Dissertation


...?Income inequality is growing in US as rich is getting richer and poor is getting poor due to the widening gap between the average incomes. Data suggest that the income level of bottom 90% has declined over the period of time indicating that despite different steps taken by the government, income disparity is increasing. 300,000 individuals in the country are earning more than 150 million people of US suggesting that wealth is concentrated into the hands of very few. This disparity in the income may also be due to the taxation of the income as it has been noticed that the wage income has been accurately taxed upto 99% however, business income and profits which is often generated by the upper income earners. Though the previous government...
1 Pages(250 words)Essay

Income Gap in the U.S. Workers rights vs. Corporate Rights

Economics Assignment Questions Question How is Money created in the U.S.? Money in the U.S. is used as a medium of exchange among many other uses that enable transactions in the U.S. concerning exchange of goods and services. The creation and supply of the U.S. Dollar is controlled by the Federal Reserve with the help of other national banks that include the Bank of America and JP Morgan Chase Bank among others. While the supply of the Dollar is regulated by the Federal Reserve, the national banks create money by loaning them out to other borrowers who end up paying with interest. However, the national banks do not lend out all money as some of the money is reserved with the total reserved being kept by the Federal Reserve. As not...
3 Pages(750 words)Research Paper

Gap analysis

...Order 199308 Running head: GAP ANALYSIS: GLOBAL COMMUNICATIONS Gap Analysis: Global Communications Goes Here of Phoenix Introduction There is global communication gap. Consequently, the building interest to bridge and linked was by no means then limited to the United States of America. However, it is now spreading globe-wide. Americans have developed great interest in this problem because of its serenity enhancing and economic values. Hence, there is a need to analyze the gap and bridge it to link anchored on the precepts of positive thinking. Situation Analysis Issue and Opportunity Identification Two of the vital aspects central to human endeavor is verbal communication skills as well as the aptitude to relate...
2 Pages(500 words)Essay

The Extent of the Income Disparity in China between the Rich and the Poor

... The Income Gap between the Rich and the Poor in China Introduction China, just like any other capitalistic state has experienced a widening gap in term of earning between the rich and poor. It is saddening that as the country economy keep growing the rich become richer while the poor continue languishing deep poverty. This can be seen perfectly in the city of Beijing where the rich live in luxurious estates living in close propinquity with the slum dwellers. This disparity in earning has been associated with various factors such as the effects of capitalism, corruption, poor leadership, high social insurance taxes and the weakening labor markets. Over the last decade, China has exceeded the Gini coefficient index threshold by 0.4 close...
9 Pages(2250 words)Term Paper


...GAP INC. Gap Inc. Gap Inc. commonly known as Gap is a multinational clothing and accessories retailer in America. The retailing business was founded by Doris Fisher and Donald Fisher in 1969 with the intention of making a company that sells comfortable jeans clothing at reasonable prices (Moin, 2011). However, the company has grown in several parts of the world. It has varied brands for all people and for all tastes. Its stores worldwide are approximately three thousand three hundred in number, and they are mostly found in France, Japan, USA, Canada, and the United Kingdom. In as much as it is a publicly traded company in the United States of America, Gap’s brand is known all over the world. Currently, it is a billion dollar company...
4 Pages(1000 words)Research Paper

Income Concepts and Income statement

...Income concepts and income ment Reported earnings of a firm refer to the financial performance of the firm for a specified period. In most case, the reported earnings show whether a company is making a profit or a loss. If the company is making losses, proper adjustment measures have to be put in place so that it starts making a profit. In the case where it is making a profit, there are always ways to ensure that benefits increase. There are various measures that may, for this reason, be used to assess the quality of the reported earnings (Porter & Norton, 2012). First, there is the use of net income. It is the most traditional method of determining the quality of the income. Through this way, the business can realize whether it made...
4 Pages(1000 words)Assignment

Achievement Gap

...Achievement Gap The achievement gap is the difference that exists between different from different ethni These may include students from White, Hispanic, Black, American Indian/ Alaska Native and Asian/ Pacific Islander ethnicities. There is a major performance gap between students from these ethnic backgrounds. The differences in their performance are mostly measured through their classroom based average scores. I believe the achievement gap exists for many reasons. The first reason for this gap is the economic status of these students. Economic status is important in order to provide the recourses for the students. The lack of recourses at home effect students’ performance in a negative manner. Students with families who have access...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Income Gap in China for FREE!

Contact Us