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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (4454)	2/22/2005 8:03:39 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Income gap widens sharply in Chinese capital: [World News]: Beijing, Feb 22 : The income gap among residents in the Chinese capital is widening sharply with the average income of the richest 20 per cent of Beijingers rising four times that of the poorest 20 per cent in 2004, latest figures showed. The average per capita income for the richest group was 3,600 US dollars last year, while the corresponding figure for the poorest 20 per cent was only 890 US dollars, according to figures released by the Beijing Municipal Bureau of Statistics. Different educational levels were the most influential factors contributing to the widening income gap, 'China Daily' quoted officials with the statistics bureau as saying. A survey conducted by the local statistics bureau among 2,000 urban families in Beijing showed that the overall average per capita income of Beijing's residents was 1,900 US dollars last year, 12.6 per cent higher than in 2003. "Low-income families earned more last year than 2003, but the increase rate was lower than for families with higher incomes," the bureau said, without giving further figures. Statistics showed that those with better education tend to earn more. Among educated people, the group enjoying the highest incomes in the capital city in 2004 were master's and doctorate degree holders. Their average annual income was 2,900 US dollars per person. In contrast, the income of the uneducated group was the lowest. (MORE) PTI newkerala.com