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Traditional political ideology promotes merit-based inequality. Official propaganda emphasizes that economic development requires some people to get rich first, and the resulting inequality is the price this society pays for development. [6] China's traditional political consciousness promotes inequality based on performance.
Spatial inequality refers to the unequal distribution of income and resources across geographical regions. [1] Attributable to local differences in infrastructure, [2] geographical features (presence of mountains, coastlines, particular climates, etc.) and economies of agglomeration, [3] such inequality remains central to public policy discussions regarding economic inequality more broadly.
China's legal system is facing the intricate challenges posed by the political and social dynamics resulting from its rapid economic expansion. A significant issue within contemporary China revolves around the treatment of workers within the framework of a capitalist economy operating within a socialist political system. [13]
For example, the party built most of the industrial plants, under the Soviet help, in inland areas instead of coastal areas, and the former treaty ports were not prioritized in the First five-year plan. [101] Such efforts to level spatial inequality continued during the Great Leap Forward, but the regional inequality persisted.
In a landmark paper published in the Review of Development Economics, economists Ravi Kanbur and Xiaobo Zhang conclude that there have been three peaks of inequality in China in the last fifty years, "coinciding with the Great Famine of the late 1950s, the Cultural Revolution of the late 1960s and 1970s, and finally the period of openness and global integration in the late 1990s."
China's fight against data-driven inequality could also hamper prosperity. Web 3.0 is one solution but will the Communist party embrace it? China’s Digital Inequality Dilemma: Open-Source ...
This is a list of countries and territories by income inequality metrics, as calculated by the World Bank, UNU-WIDER, OCDE, and World Inequality Database, based on different indicators, like Gini coefficient and specific income ratios.
Media outlets often label underoccupied development areas in China as "ghost cities" or "ghost towns". [9] [10] However, the two terms are technically misnomers since these terms describe places that previously had economic activity but have since become defunct and abandoned, while many underoccupied developments in China are new installations that have yet to receive residential occupation.