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China has achieved remarkable economic success in the past three decades and has become the second-largest economy in the world after the United States. However, accompanying this rapid economic growth is an increasing income inequality. In recent years, China's income disparity has reached an alarming level, making it one of the countries with the most unequal income distribution in the world. The widening income gap is the root cause of many issues in contemporary China. How should China step up distribution system reform? How should China deepen the reforms to its fiscal and tax systems? Should the government increase wages to achieve the income multiplication plan? What is the fundamental measure to tackle income disparity issues in China? With in-depth analysis and empirical studies on these questions, this book provides comprehensive perspectives on China's income disparity issues that most international scholars are concerned about.
List of contents
Widening Gap Between the Rich and the Poor; Lewis Turning Point; The Surplus Labor in China; Labor Shortage in China; The Regular Pattern for Industrial Transfer; The Expanding Consumption and Domestic Demand; How Long the High Savings Rate Sustains in China?; The Share of Labor Compensation in GDP; Gap Between Urban and Rural Areas; Minimum Wage Law; The Demographic Dividend; Tax Reform; To be Prepared for the Financial Crisis; The Populism Test in Latin American; The Lessons of Thai Red Shirts; To Narrow the Gap Between the Rich and the Poor.
