Beijing University released its China Family Panel Studies (CFPS), which shows that income inequality is increasing, with the top five percent’s income being 234 times that of the lowest five percent. The Studies based its report on statistics for the 2010 to 2012 period.
The CFPS shows that the average per capital income for a household is 13,033 yuan, with the lowest five percent at 1,000 yuan, the lowest five to 10 percent at 2,000 yuan and the top five percent at 34,300 yuan.
As for the total household income, the income of the bottom five percent of the lowest-income households accounts for 0.1 percent of the income of all households surveyed; the lowest five to 10 percent accounts for 0.5 percent, and the top five percent of highest-income households accounts for 23.4%, which is 234 times that of the bottom five percent.
Wages remain the main source of income.
Source: Nanfang Dushi Bao (Southern Metropolis Daily), July 18, 2013.
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