The gap between rich and poor

Topics: Poverty, Economic inequality, Wealth condensation Pages: 5 (1273 words) Published: January 9, 2015


Harper Adams University College
BSc International Business Management
APD Module AC000

The gap between rich and poor in China

Submitted by: 201121011202/ 12203200
For: Jordan Wendt & Sandra Turner & Yvonne Williams
Date of Submission: 9th November 2012

Word count without References: 1085

The gap between rich and poor in China
Contents:
Summary..................................................................................................2 1. Introduction........................................................................................3 2. Why China Is Facing The Increasing Gap Between The Rich And Poor…………………………………………………………………4 2.1 The unreasonable economic policy................................................4 2.2 The unevenly distributed of natural resources...............................4 3. The Influence Of The Gap Between Rich And Poor In China.................................................................................................5 3.1 Hinder the development of economic co-ordination.....................5 3.2 Hinder the social stable..................................................................5 4. The Solution Of The Increasing Gap Between The Rich And Poor..................................................................................................6 4.1 Developing the education..............................................................6 4.2Reducing the gap between urban and rural ...................................6 5. Conclusion........................................................................................7 6. References.........................................................................................8

Summary:
This report is going to talk about China is facing a big challenge to fight the increasing gap between the rich and poor. It caused growing social and economic inequality. The rich get richer and everyone else gets poorer. Firstly, the differently reasons for this problem will be put forward. Then, the report will be explained the influence on the development of economic co-ordination and society evolution because of the rich-poor gap. Meanwhile, the solution of the increasing gap between the rich and poor will be discussed.

1. Introduction:
The gap between the rich and poor indicate the imbalance of personal wealth in the society. The major expression is the gap of income, wealth and standard of living. China is facing the serious gap between rich and poor. “Between 2008 and 2009 the number of Chinese millionaires with assets worth more than 10 million renminbi rose from 825,000 to 875,000, according to rough estimates by the Chinese government. The super rich at the top of the wealth pyramid are rapidly increasing, while the average peasant at the bottom earns less than US$5,000 per year.” (Sherry Lee,2010) . This problem has caused many influences.

2. Why China is facing the increasing gap between the rich and poor
2.1 The unreasonable economic policy
In the process of social development, our country brought the unreasonable economic policy into effect. The third plenary session of the fourteen encouraged that some areas and some people become rich first. This policy resulted in the increasing of Gini coefficient increasing constantly. “The last time Chinese officials published a Gini coefficient was in 2000, when they announced that China's 2000 figure was 0.412. A 2011 NBS report said 2011's "Gini coefficient is a little bit higher than that in 2010," but did not elucidate either year's figures.” (Fang Xuyan and Lea Yu 2012 ).

2.2 The unevenly distributed of natural resources
The other reason of the gap between rich and poor is the unevenly distributed of natural resources. China indeed abounds in natural resources of various kinds. But, the...
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