On January 3, Social Sciences Academic published the “Blue book of Chinese Society.” It stated that with China’s GDP growing over 10 percent in 2007, mid to low income families are facing increasing financial pressure. The consumer price increase will continue to be a serious factor in 2008. The Blue Book disclosed that 10 percent of the low income group spent close to 50 percent of their income on food consumption, in addition to the rising cost of living and medical expenses. This group is thus the least capable of surviving. The report also warned that the increasing disparity between the rich and the poor continues to be a threat to social stability.
Source: Radio Free Asia, January 4, 2008