Since assuming the presidency of China Xi Jinping has pushed for national unity, pride and prosperity.

China has been riding a wave of nationalism since the Beijing Olympics. This has been reflected in carefully managed massive, sustained financial growth. But figures are now emerging that shows the huge economic windfall is not benefiting all Chinese.

Peking University conducted a study into the distribution of wealth within its great nation. The 2012 figures, released last Friday, reveal that the top 1% of the nation’s wealthiest citizens own more than one third of all the nation’s capital; while the bottom 25% had claim to only one per cent of it.

The paper acknowledged that the extraordinary difference in wages between rural and urban areas (and the population distribution between them) accounted for some of the disparity.

poor_and_richPreviously the Government held that the distribution of wealth in China was not so different than in the U.S.

The Gini coefficient measures wealth inequality with a number between 0 and 1; with 0 indicating total equality and 1 complete inequality. The government had claimed China enjoyed a Gini coefficient of 0.47, with the U.S. struggling at 0.56. However, the recent report by Peking University put the Chinese coefficient at around 0.73.

The conclusions of the report were published in the People’s Daily newspaper; the article has turned up the heat on already simmering antagonism between China’s rich and poor. This is alarming for government officials, whose man priority (for many reasons) is preserving social stability.

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