Despite the Beijing government's insistence it is dealing with inequality, the gap between rich and the rest in China is worse than ever. A new study by Peking University's Institute of Social Sciences found that the top 1% of Chinese households possess over 33% of the nation's wealth. The institute calculates that China's so-called “Gini coefficient” now stands at 0.73, based on the measure with zero as perfect equality and one as absolute inequality. A country is expected to face massive social unrest when its Gini coefficient reaches 0.46. No wonder China's wealthy are rushing to get their money out of the country.
