Sunday, August 31, 2014

What can the Chinese government do to keep the wealth gap from widening?

China could rebalance its economy away from wasteful investment, which mainly benefits elites in construction and related industries, toward consumption and services, which provides more opportunities for middle-class workers.

China could also invest more in education so that everyday citizens could participate in more high-value-added labor as a way to earn a larger slice of national income. China could also enforce its laws against corruption, bribery and cronyism more rigorously and clamp down on tax avoidance and capital flight.

- Source, DW