Mar 25, 2013

China and Singapore. One is worried about high Gini coefficient.

Gini coefficient release highlights China's resolve to bridge wealth gap CCTV News - CNTV English:

The Gini coefficient, a widely used measure of economic inequality, reached 0.474 in China in 2012, higher than the warning level of 0.4 set by the United Nations, according to the National Bureau of Statistics (NBS).
China's first release of the Gini coefficient for the past decade demonstrated the government’s resolve to bridge the gap between the rich and poor.

In contrast to China, the EU countries have Gini coefficients of about 0.3.

In contrast to China, Singapore has a higher Gini coefficient (0.478), but the Singapore government is not worried.

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