Wednesday, January 20, 2021
Tags Wealth gap

Tag: Wealth gap

China Ahead of Russia and America in Terms of Wealth Gap: World Inequality Lab

The latest report from the Paris-based World Inequality Lab indicates that China remains ahead of most other major economic regions when it comes to...

New Income Data Reveals Stark Wealth Disparities Between Chinese Regions and Sectors

The latest official income data from China points to gaping disparities in average annual incomes between the country's different regions and economic sectors. According to...

Beijing Professor Calls for Broad Tax Reforms to Reduce Wealth Gap

A professor from one of China's leading universities has called for the introduction of an estate tax and reforms to state-owned enterprise remuneration in...

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Beijing Aims for Internet of Things Security Standards by 2022

The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...

China’s Loan Prime Rate Unchanged for Nine Straight Months in January

Chi­na’s loan prime rate (LPR) has re­mained un­changed for the ninth consecutive month in January 2021.

China’s Financial Sector Saw Added Value Gain of 7% in 2020 to Hit USD$1.3 Trillion

The Chinese financial sector saw a sizeable improvement in its performance in 2020 despite the adverse economic impacts of the COVID-19 pandemic....