Wednesday, October 7, 2009
China defected in the battle of per capita income front from the other developed country
China grow faster than any other country in the world after the open economy policy adopted after 1971, its growth rate near about the 10 % its foreign trade given him the surplus from any foreign country and according to the financial statistic China become the largest economy in the world after 2025, but still China has many problem in the economic front, its per capita income gap in big, therefore the rich people get the advantage of the open economy policy but the poor become more poorer. Despite the robust growth of its economy, China is suffering a bigger and bigger disparity between rural and urban areas. A survey conducted by the Economic Research Institute of the Chinese Academy of Social Sciences shows that the income gap between rural and urban residents has kept growing in the past five years, and China has become one of the countries with the largest urban-rural gap in the world. The income gap among urban residents in Beijing is widening, according to figures released by the Beijing Municipal Bureau of Statistics.
The average income of the richest 20 per cent of its residents is four times that of the
Different educational levels were the most influential factors contributing to the widening income gap, according to sources with the statistics bureau.
Average per capita income for the richest group was 29,600 Yuan (US$3,600) last year.
But the figure for the poorest 20 per cent was only 7,400 (US$890) Yuan.
A survey conducted by the local statistics bureau among 2,000 urban families in Beijing showed that the overall average per capita income of Beijing’s residents was 15,600 Yuan (US$1,900) last year, 12.6 per cent higher than in 2003.
“Low-income families earned more last year than 2003, but the increase rate was lower than for families with higher incomes,” the bureau said, without giving further figures.
Statistics showed that those with better education tend to earn more.
Among differently educated people, the group enjoying the highest incomes in the capital city in 2004 was master’s and doctorate degree holders.
Their average annual income was 23,600 Yuan (US$2,900) per person, according to figures released by the bureau.
In contrast, the incomes of the uneducated were the lowest.
A recent study reveals China’s per capita income gap reaches 55-times the difference between the rich and the poor, a number far beyond the official figure. The researcher believes that both corruption as a consequence of the ill-conceived system and gray income of special groups of population contribute to this gap.
China’s government has “said more than it has done” on narrowing the income gap, the report cited Zhang Dongsheng, director of the National Development and Reform Commission’s Income Distribution Department, as saying
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