Wealth gap narrows as disposable incomes grow

Income inequality in China narrowed last year, a silver lining to the cloud of a cooling economy that grew at the slowest pace since 1990, the National Bureau of Statistics reported on Tuesday.

The Gini coefficient, an internationally used indicator of a country's wealth gap, stood at 0.469 in 2014, down from 0.473 in 2013, according to the NBS.

A Gini reading of 0 represents perfect equality, while a reading of 1 suggests perfect inequality.