Explained: China’s poverty alleviation goal still a myth

China's middle class (households that earn more than $10,000 annually) comprise only 6% of China’s population while nearly half of China's population earns less than $1000 per household a year. As per a research paper titled 'ncome inequality is growing fast in China and making it look more like the US' published by the London School of Economics, the share of national income earned by the top 10 percent in China has risen drastically from 27 percent in 1978 to a whopping 41 percent in 2015.

from Zee News :World https://ift.tt/2YqHwxq