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China Tries to Shut Rising Income Gap
Keywords:
Efforts to boost the share of national income that goes to rural households and workers in China. The share of income taken by state owned enteprises and taxes paid by the enterprises would have to change for reducing the gap in incomes and reducing inequality in China.
China's increasing support for low-income housing- 2010-2012
01/21/2010
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In China, Sobering Signs of Slower Growth
New York Times 03/05/2012
Beijing Directs More Funds Toward Affordable Housing
Wall Street Journal 03/10/2011
China: Subsidized, Not Subprime
Wall Street Journal 03/26/2011
Affordable-Housing Delays Threaten China's Economy
Wall Street Journal 06/11/2011
Beijing’s migrant workers: School’s out
Economist 09/03/2011
China Turns Predominantly Urban
Wall Street Journal 01/18/2012
Tom Orlik on wealth distribution in China and why increasing consumer spending would require higher incomes for the lower middle class and rural households
01/07/2010
Orlik cites a study by a Chinese university which shows 10% of the households has over 80% of the wealth, and over 50% of the households have little or no savings. This suggests that there is not much room to increase consumer spending on education, healthcare, and consumer goods for these households as incomes are too low. This may account for the insecurity felt by a large majority of households about the future. It also shows that rebalancing the global economy would require rebalancing within China, reducing inequality and improving incomes for the middle class to increase consumer spending.
Grouped Articles
Wall Street Journal 07/01/2013
The Slowing of Two Economic Giants
New York Times 07/14/2013
Wall Street Journal 07/15/2013
New York Times 12/18/2011
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Wall Street Journal 11/06/2013
Economist Wu and the growing crony capitalism, increasing inequality, and corrupt bureaucrats in China.
03/29/2009
Wu is not optimistic about the future because he says the crony capitalists and bureaucrats want to get richer and their is a widening income gap and other problems that remain hidden because of the lack of a free media.
Grouped Articles
The Slowing of Two Economic Giants
New York Times 07/14/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Peopleâs Daily Article Appears to Rebuke Wen Jiabao
New York Times 10/27/2010
Uncertainty bedevils the best system
Unknown 04/15/2009
Hong Kong Wealth Gap on Display in Protests
New York Times 10/05/2014
Malnutrition in India, China and other parts of the developing world.
09/15/2005
Experts say 43% of Indian children under the age of 5 suffer from malnutrition. Because of poverty and general skinniness among the poor, experts say its hard for many Indians to see this in their neighborhoods.
Grouped Articles
India's Lower House Passes Food Bill to Help Poor
Wall Street Journal 08/26/2013
Bill Gates: What I Learned in the Fight Against Polio
Wall Street Journal 11/10/2013
Wall Street Journal 12/14/2013
India, U.S. Reach Agreement on Food Stockpiling, Clearing Way for WTO Deal
Wall Street Journal 11/13/2014
World Bank Report Puts Agriculture at Core of Antipoverty Effort
New York Times 10/20/2007
Economist 09/15/2005
Changes in China's tax system to reduce inequality
01/15/2011
Grouped Articles
China Plans Tax Change to Address Inequality
Wall Street Journal 04/21/2011
New York Times 04/20/2011
Technology Widens Gap Between Rich and Poor
Wall Street Journal 05/04/2011
China's Economy Faces Three Contradictions
Wall Street Journal 06/16/2011
New York Times 11/12/2011
Mayor Bloomberg Confronts Occupy Wall Street
New York Times 11/15/2011
Friedman reviews "Why Nations Fail" by Acemoglu and Robinson
01/15/2011
The need for an inclusive society to generate growth and create opportunities. The failure of societies which concentrate power and many in the hands of a few. The experience of Britain and the U.S. in the modern period of the age of enlightenment and the industrial revolution of the eighteenth and nineteenth centuries compared to the decline in Asia. Similiar views expressed by Adam Smith in his "Wealth of Nations," documenting the changes in Britain in the period from the feudal to the industrial period that brought progressive change and improvement in the lives of the people. The lessons for today in a period of increasing inequality in the U.S. and China, are self-evident.
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Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
New York Times 09/12/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
Bad Stock-Market Timing Fueled Wealth Disparity
Wall Street Journal 10/27/2014
Income Inequality Is Costing the U.S. on Social Issues
New York Times 04/28/2015
Martin Feldstein on China's efforts to control inflation, rising real estate prices, and shift its economy away from export led growth in 2011-2013
01/06/2010
Feldstein says China has the economic problems of inflation, the effects of the large stimulus after the 2008 global financial crisis, and overdependence on exports, under control. The new five year plan gradually shifts the economy towards greater reliance on services and a shift away from export led growth. The smaller stimulus of 2012 is being guided to necessary infrastructure such as power development and towards low income housing. China has still to tackle problems with an aging population and its one-child policy, inequality and corruption in government. These will be challenges facing the new government.
Grouped Articles
Global property markets: Boom and gloom
Economist 05/27/2013
New York Times 12/18/2011
Wall Street Journal 03/29/2010
China Inflation Rises to a 19-Month High
New York Times 06/11/2010
Compelling Signs the Chinese Property Boom Is Over
Wall Street Journal 03/19/2014
Chinese debt: The great hole of China
Economist 10/17/2014
China's health care reforms and increased spending on health care fall short of what is needed.
12/30/2005
China's increased health care spending of $16 billion by the central government in each of the years 2009-2011 is clearly inadequate. Over 200 million are uninsured and the health care system jacks up the costs so much with expensive tests and pills that the poor tend to shun hospitals. The current plan puts off government financed health coverage for 90% of the population till 2020.
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Bayonne Medical Center Has Highest U.S. Billing Rates
New York Times 05/16/2013
China Sees Challenge On Health System
Wall Street Journal 09/24/2010
Chinese debt: The great hole of China
Economist 10/17/2014
Economist 04/16/2009
Economist 04/16/2009
A Tiny Tax Could Do a World of Good
New York Times 09/24/2009
The U.S., China, and 'Rebalancing' the World Economy
01/07/2010
'Rebalancing' is the idea that China will consumer more US goods and export less to the US, reducing the lopsided trade imbalance between the two countries. China's government continues its focus on exports and infrastructure in 2009-2011. China's banking system focusses on lending to state-owned companies and the system does not have the attitude, incentives or the mechanisms and experience to increase lending to consumers or small business. Experts say rebalancing is doubtful without serious changes in the banking system and government policy which are not likely.
Grouped Articles
Wall Street Journal 07/15/2013
New York Times 12/18/2011
Economist 03/31/2010
Fixing a Perception Gap for the Underappreciated G-20
Wall Street Journal 08/27/2013
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
Adidos and Hotwind? In China, Brands Evoke Foreign Names, Even if They’re Gibberish
New York Times 12/26/2014
China wage increases and government policy to promote domestic consumption.
01/05/2008
Wage increases of 20% at Hon Hai and upto 100% at Honda factories in China from wages that were kept low for the export market, are now the trend in China. The government policy is shifting to encourage such wage increases to promote domestic consumption and reduce an overreliance on export markets for growth. This is happening just as trade tensions are increasing with the USA.
Grouped Articles
Beijing Signals a Shift on Economic Policy
New York Times 05/24/2013
Honda's Long-Haul Dilemma in China
Wall Street Journal 06/24/2010
Interview With Japan Foreign Minister Katsuya Okada
Wall Street Journal 09/02/2010
Yuan's Rise Hurts China's Exporters
Wall Street Journal 01/20/2014
China Will Keep Growing. Just Ask the Soviets.
New York Times 10/24/2014
Adidos and Hotwind? In China, Brands Evoke Foreign Names, Even if They’re Gibberish
New York Times 12/26/2014
Wages in emerging markets such as China, Malaysia, Indonesia, after worker unrest- 2010-2014
01/05/2008
Grouped Articles
China Manufacturers Survive by Moving to Asian Neighbors
Wall Street Journal 05/02/2013
China Factories Try Karaoke, Speed Dating to Keep Workers
Wall Street Journal 05/03/2013
Apparel Retailers Confront Tough Options
Wall Street Journal 05/08/2013
The Demanding Off-Hour Escapes of Chinaâs High-Tech Workers
New York Times 07/16/2013
Unrest May Signal New Phase in China Economy
New York Times 05/29/2010
Wall Street Journal 05/29/2010
China's jobs situation, unemployment, stimulus and growth strategies in 2012-2015
06/04/2012
The excess demand for labor in China in 2012 compared to the excess supply of labor during the global financial crisis of 2008-2009. This has implications for stimulus spending plans, with the measured and selective response in 2012. Another factor is inflation with a 20% rise in wages in the manufacturing sector in 2011, according to the China statistics bureau, so that a large stimulus risks losing the benefits onf anti-inflationary steps taken in 2011-2012. High growth was intended to keep social stability, with excess demand for labor in 2012 this is less of a priority.
Grouped Articles
Strains Show in China's Job Market
Wall Street Journal 06/11/2013
U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
I.M.F. Tells China of Urgent Need for Economic Change
New York Times 07/17/2013
Wall Street Journal 03/05/2014
In China, Beijing Fights Losing Battle to Rein In Factory Production
Wall Street Journal 07/16/2014
Chinese Steel Expert- N Way Out for Mills Caught in Crackdown
Wall Street Journal 07/16/2014
Increasing disparity in incomes, higher inequality and the middle class.
01/03/2010
The situation in the US, Germany, Britain, China, India, Brazil and other countries.
Grouped Articles
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
New York Times 09/12/2013
German elections pit Merkel, challenger over poverty problems - The Washington Post
Washington Post 09/17/2013
Americaâs Sinking Middle Class
New York Times 09/18/2013
Europe's Easy-Money Policy Snubs German Savers
Wall Street Journal 11/25/2013
Germany's Social Democrats Agree to Coalition Talks With Merkel
Wall Street Journal 10/21/2013
The economic viability and cost for middle and lower income groups of China's high speed rail network
06/13/2006
The huge infrastructure investments -estimated at $300 billion- planned for China's high speed rail network began with a decision in 2004 and were accelerated with stimulus investments after 2008. The cost is about 555 yuan o($86) for the cheapest ticket on the 300 mile Beijing-Shanghai route or 9% of monthly disposable per capita income for urbanites. This creates questions of affordability and access for the majority of Chinese. Rail revenues will not be sufficient to pay for the investment and operation of the lines.
Grouped Articles
New York Times 09/23/2013
High-Speed Train Links Beijing, Shanghai
Wall Street Journal 06/29/2011
As China's Auto Market Booms, Leaders Clash Over Heavy Toll
Wall Street Journal 06/13/2006
Chinese Rail Projects Grind to a Halt as Funds Dry Up
Wall Street Journal 10/20/2011
China to Slash Railway Spending
Wall Street Journal 12/24/2011
China Blasts High-Speed Rail System
Wall Street Journal 12/29/2011
Conspicuous consumption, the middle class and poverty in China
11/22/2006
Grouped Articles
Financial Rescue Sleight of Hand
New York Times 11/30/2011
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
New York Times 03/31/2012
In China, Growth at Whose Cost? - WSJ.com
Wall Street Journal 11/22/2006
China Tries to Shut Rising Income Gap
Wall Street Journal 12/10/2012
Inequality: The rich and the rest
Economist 01/15/2011
Poverty rates in regions around the world and differing experiences tackling it.
09/15/2005
China, India, Africa and places like New York city.
Grouped Articles
In Booming China, Protests by Poor Escalate
Wall Street Journal 12/21/2006
Globalization's Gains Come With a Price
Wall Street Journal 05/24/2007
Zoellick Defends Aid for Nations in ‘Middle’
New York Times 10/11/2007
Economist 10/11/2007
World Bank Report Puts Agriculture at Core of Antipoverty Effort
New York Times 10/20/2007
Education Push Yields Little for India’s Poor
New York Times 01/17/2008
China's difficult political-economic choices in the post 2010 period.
01/06/2008
The difficult choices in the new environment- transition to a new leadership, how to change the export model without serious disruptions, how to deal with western demands for balanced global growth, dealing with the inequality and corruption generated in the kind of growth China experienced (by the fiat of the State), opening up freedom of expression to curb corruption and to provide representation for hitherto blocked out voices, transition to freedom of expression and democratic processes without serious disruption to thegrowth needed for employment and improvements in the standard of living across all parts of society and regions, reducing or channelling to constructive ends prevailing nationalistic, anti-western or anti-Japanese sentiment. The new leadership of Xi Jinping and Li Keqiang is expected to be more outward looking than than of Hu Jintao and Wen Biao and comes at atime when China needs to make some difficult choices about future direction.
Grouped Articles
Wall Street Journal 07/01/2013
The Slowing of Two Economic Giants
New York Times 07/14/2013
Wall Street Journal 07/15/2013
How China Lost Its Mojo: One Town's Story
Wall Street Journal 09/16/2013
Chinaâs Economy, Back on Track
New York Times 10/04/2013
Xia Yeliang: The China Americans Don't See
Wall Street Journal 10/26/2013
Growing inequality in China in 2010, after three decades of exports driven development.
10/13/2010
Grouped Articles
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Wall Street Journal 11/06/2013
Hong Kong Wealth Gap on Display in Protests
New York Times 10/05/2014
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
China Seeks a New Self Through an Old Method
Wall Street Journal 10/13/2010
Villagerâs Suspicious Death Ignites Fury in China
New York Times 12/28/2010
Prof. Xuetong of Tsinghua University, calls for less inequality, social justice and balanced development in China
01/15/2011
Grouped Articles
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Wall Street Journal 11/06/2013
Hong Kong Wealth Gap on Display in Protests
New York Times 10/05/2014
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
New York Times 11/20/2011
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Class conflict in China and widening rich-poor gap.
09/22/2009
The way in which public anger was aroused in Hangchou and the rest of China, over a rich youth in a Mitsubishi racer (retrofitted for speed) running over a young telecom engineer from the poorer class.
Grouped Articles
Wall Street Journal 04/19/2013
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Wall Street Journal 11/06/2013
Wall Street Journal 08/19/2015
China's Rich Youth Spark Bitter Divide
Wall Street Journal 09/22/2009
China's New Cultural Revolution
Wall Street Journal 10/09/2009
China's Frugal Consumer
01/04/2010
Grouped Articles
Why the Chinese don’t spend : The New Yorker
New Yorker 01/04/2010
China Aims to Transform a Nation of Savers Into Spenders
Wall Street Journal 01/07/2010
Gadget Giant's Evolution: Make, Then Sell
Wall Street Journal 08/21/2010
U.S. poverty rate reaches 15.1 percent - The Washington Post
Washington Post 09/13/2011
Wall Street Journal 10/04/2011
Shoppers S-t-r-e-t-c-h Their Dollars: Stick to Lists, Shun the Brand Names
Wall Street Journal 10/04/2011
Low interest rates as a tax on savers in China and Chinese households
03/07/2011
With higher inflation and low interest rates in China, Chinese households earn a negative interest rate on their savings. This does not help to rebalance the economy, or promote domestic consumption. Policies are vague about rates at the 2011 People's Congress.
Grouped Articles
Low Rates for Savers Are Reason for Complaint - Fair Game
New York Times 03/03/2012
Wall Street Journal 08/25/2015
Beijing Can't Have it Both Ways
Wall Street Journal 03/07/2011
China's Economy Faces Three Contradictions
Wall Street Journal 06/16/2011
Post-Stimulus: Who Pays for China's Bad Loans?
Wall Street Journal 06/23/2011
China Urged to Continue Reforms for Growth
New York Times 02/23/2012
China's inflation in American pocketbooks as Chinese goods cost more.
02/01/2008
Labor energy costs higher in China and prices of Chinese goods move up. Higher wages in China and other emerging markets afte worker unrest.
Grouped Articles
Made in China Is Getting Expensive
Wall Street Journal 08/10/2012
China’s Inflation Hits American Price Tags
New York Times 02/01/2008
A Night at the Electronics Factory
New York Times 06/18/2010
The Canton Fair: The China price
Economist 05/23/2011
As Wages Rise in China, Trading Companies Face Higher Costs
New York Times 05/31/2011
U.S. Shoppers Foot Bill for Soaring Pay in China
Wall Street Journal 12/15/2011
China's National Peoples Congress meeting- 2011-2012
03/05/2011
Changes in policy at the Congress meeting in favor of increased spending on social programs and improving conditions for lower wage earners. Increases in food prices, democracy movements in the Arab world and rising disparity between incomes of urban and rural areas, poor job creation by state owned companies in capital intensive industries, result in a change in policies. Skepticism about the implementation of these policies based on past experience.
Grouped Articles
Inflation to Color China's Congress
Wall Street Journal 03/05/2011
Rightly targeting income inequality - The Washington Post
Washington Post 12/08/2011
In China, will transition bring real change? - The Washington Post
Washington Post 02/11/2012
Foxconn to Raise Salaries for Workers by Up to 25%
New York Times 02/18/2012
China Speeds Economic 'Transformation'
Wall Street Journal 03/06/2012
Donât Believe Chinaâs Promises
New York Times 05/04/2012
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