Chinas race to the top in income inequality China has lifted millions out of poverty, but inequality

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China’s race to the top in income inequality China has lifted millions out of poverty, but inequality has also increased. In 2017, 8 million students graduated from Chinese universities, 10 times more than two decades ago and double the number at U.S. universities. But the gap in graduation rates between rural to urban areas and richer and poorer people widened.

Explain how the distribution of personal income in China can be getting more unequal even though the poorest are getting richer.

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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