Top One Percent Has One Third of China's Wealth, Research Shows

(Beijing) – A recent academic report on wealth inequality in China shows that the top one percent of households holds one-third of total assets, while the bottom fourth holds only one percent.

The report, published by a research institute in Peking University, says the Gini coefficient, better known for its application in income distributions, shows that the gap in wealth between households in the country has considerably widened. The Gini coefficient has increased from 0.45 in 1995 to 0.73 in 2013.