China’s solution to inequality? Cracking down on displays of wealth and poverty
This has come as a rude awakening for millions of Chinese young adults, who have long been told that studying hard would come with the reward of financial stability. In response, Chinese authorities haveChina’s Aging Population Is a Major Concern. But Its Youth May Be an Even Bigger Problem
“In a context like today’s China, the wealth gap is so big that young people from an average family background realize that no matter how hard they try they can never reach that kind of wealth. So they just stop trying,” says Huang. China’s Gini coefficient, which measures inequality, has decreased significantly since the 2000s, but continues to“The showing off of wealth among wealthy people, especially those who work in the government and state companies, is like adding oil to fire,” says Shan. “It just reveals the hard truth of how unequal the society is.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An impasse over finance between rich and poor that threatens the planet\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Read more »
Is a healthy retirement only for the rich?\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Read more »
America wants to lower tensions with Iran. GoodIran cannot rival Ukraine and Taiwan for headlines, but it could soon prove as dangerous. Its nuclear-weapons programme has put its regime in a position to dash for a bomb
Read more »
Sir Patrick Stewart wants to do another Star Trek movieUmm… engage?
Read more »
Ben Wallace rules out being next Nato chiefThe defence secretary says the US wants the current head, Jens Stoltenberg, to stay on.
Read more »
Japan’s digital ID gets emergency review amid data leaksJapan's digital ID card gets emergency review amid data leaks
Read more »