China’s solution to inequality? Cracking down on displays of wealth and poverty
This has come as a rude awakening for millions of Chinese young adults, who have long been told that studying hard would come with the reward of financial stability. In response, Chinese authorities haveChina’s Aging Population Is a Major Concern. But Its Youth May Be an Even Bigger Problem
“In a context like today’s China, the wealth gap is so big that young people from an average family background realize that no matter how hard they try they can never reach that kind of wealth. So they just stop trying,” says Huang. China’s Gini coefficient, which measures inequality, has decreased significantly since the 2000s, but continues to“The showing off of wealth among wealthy people, especially those who work in the government and state companies, is like adding oil to fire,” says Shan. “It just reveals the hard truth of how unequal the society is.
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