Gini coefficient reaches 47.3, wealth divide yawns

Updated: 2007-08-08 17:02

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Why is the income gap widening?

China's Gini coefficient is estimated to rise from 40.7 in 1993 to 47.3 in 2004 in China, which means that its wealth divide has been increasing, according to Key Indicators 2007 released Wednesday by the Asian Development Bank (ADB).

"This is the latest estimation of China's Gini coefficient," said ADB chief economist Ifzal Ali.

The indicators, mainly concerning inequality in Asia, showed that the rich are getting richer and the poor getting poorer in this region.

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