Income Disparity In China: Crisis Within Economic Miracle: Crisis within Economic Miracle

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.

Contents:

• The Widening Gap between the Rich and the Poor will Inevitably Divide the Society
• Lewis Turning Point
• Surplus Rural Labor
• Story Behind the Labor Shortage
• Rule of Industrial Transfer
• Consumption and Expansion of Domestic Demand
• How Long Can the High Savings Ratio Last?
• The Proportion of Labor Compensation
• Is the Gap Between Urban and Rural Areas Widening or Narrowing?
• The Minimum Wage Law is a Double-edged Sword
• The Population Trap and the Demographic Dividend
• Tax Reform and the Gap between the Rich and the Poor
• Preparing for Danger in Times of Peace to Prevent a Financial Crisis
• Populism Experiment of Latin America
• Who Divides Thailand?
• Criticizing Populism and Depending on Market Mechanisms to Narrow the Gap between the Rich and the Poor

Readership: Graduates, professionals, academics and researchers who are interested in Chinese economy, especially in China's urban-rural gap and income disparity.