1 of 1
Story summary
- Li Shi, dean of Zhejiang University’s Institute for Common Prosperity, reported that China’s wealth Gini increased from 0.45 in 1995 to over 0.7 in 2023.
- Household real income growth fell from about 8 % annually (2013-2018) to below 5 % (2018-2023).
- The slowdown hit low- and middle-income families hardest and kept household consumption rates low.
- Li urged reforms to narrow the wage-wealth gap, saying weak demand and investment pressure limit growth sharing.
