The genie of wealth disparity
By Xin Zhiming | China Daily | Updated: 2013-03-02 07:50
Govt must expedite reform to bridge income gap, and publicize its primary data for Gini coefficient to convince the public
The economics jargon of Gini coefficient, which measures income inequality, has become a buzzword in China since the official Gini coefficient for the country from 2003 to 2012 was released in January.
The move by the National Bureau of Statistics, however, has sparked heated debates on the accuracy of the official figures. Hence, to clear public doubt, it is advisable that the bureau publicize its primary data and calculation methodology.
Photo