• Sepia@mander.xyz
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    3 days ago

    @[email protected]

    Is there a special reason why you frequently turn to this sort of second-hand intimidation in your posts? Do you think your often misleading and - as in this case here- false information is more credible then?

    The national wealth-income ratio increased from 350 percent in 1978 to 700 percent in 2015, while the share of public property in national wealth declined from 70 percent to 30 percent. We provide sharp upward revision of official inequality estimates. The top 10 percent income share rose from 27 percent to 41 percent between 1978 and 2015; the bottom 50 percent share dropped from 27 percent to 15 percent. China’s inequality levels used to be close to Nordic countries and are now approaching US levels. Source

    Inequality in China has been further increasing in China in the last 10 years by all comparable standards. Some numbers for comparison can be found here :https://wid.world/world/#shweal_p90p100_z/US;FR;DE;CN;ZA;GB;WO-PPP;CA/last/eu/k/p/yearly/s/false/37.836/125/curve/false/country

    As everyone can see, and as evidenced by a strong body ol research, China is among the least equal societies on the global.