One of the most important measures used worldwide to size the income inequality in the world was not published in China for over a decade. But this year, the official Gini coefficient was finally released after authorities initially said they were not going to do so. This index revealed the gap between rich and poor...
Every time I return to the Indian capital – in the mornings – by train, I get sad. The closer I get to New Delhi Railway Station – the throbbing heart of the city’s railway network despite efforts to decongest it by making satellite stations – the sadness turns to anger. Thankfully, life has denied...
Most of the world’s poor live in Asia – and loads of them still live in China. China, with its international reputation for rapid and soaring economic growth, is still home to 170 million people who earn under $1.25 per day (2008 statistics). That’s 13 percent of the entire population. If these Chinese poor had...
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