Many Ginis indeed. The World Bank puts America's Gini Coefficient at 41.8 and rising; China's at 38.1 and falling. (and China's 98% home ownership gives it a wealth Gini of 0.547 vs USA's 0.801)
"The paper finds that fiscal policy in China achieves a considerable reduction in inequality, measured at about 10.3 Gini points, placing the country around the median when compared to other upper-middle-income countries. Education and health spending, which are both highly progressive, play a pivotal role in this reduction".
Great article, thank you
Thank you.
Many Ginis indeed. The World Bank puts America's Gini Coefficient at 41.8 and rising; China's at 38.1 and falling. (and China's 98% home ownership gives it a wealth Gini of 0.547 vs USA's 0.801)
data.worldbank.org/indicator/SI.POV.GINI
"The paper finds that fiscal policy in China achieves a considerable reduction in inequality, measured at about 10.3 Gini points, placing the country around the median when compared to other upper-middle-income countries. Education and health spending, which are both highly progressive, play a pivotal role in this reduction".
https://documents1.worldbank.org/curated/en/099330409032435139/pdf/IDU10014cce11a4c9147bb1b1e71bd3600115fda.pdf?_gl=1*15a33uh*_gcl_au*OTQ1NjE2ODQ2LjE3MjU4ODI0MTk.
Thanks for this comparative assessment. Hope the rural urban divide in China grows smaller and disappears eventually.