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Inequality in China
Trends, Drivers and Policy Remedies

by Sonali Jain-Chandra, Niny Khor, Rui Mano, Johanna Schauer, Philippe Wingender, and Juzhong Zhuang

Series:Working Paper No. 18/127
ISBN 9781484357538
Code: #WPIEA2018127

Publication year: 2018

Cdn: $27.00; US: $23.50
Paperback
Language: English
31 pages
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China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper identifies various drivers behind these trends – including structural changes such as urbanization and aging and, more recently, policy initiatives to combat it. It finds that policies will need to play an important role in curbing inequality in the future, as projected structural trends will put further strain on equity considerations. In particular, fiscal policy reforms have the potential to enhance inclusiveness and equity, both on the tax and expenditure side.
Inequality in China
Cdn: $27.00; US: $23.50
International Monetary Fund (IMF) BookID: 122779 Added: 2018.6.9