国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Rise of China boosts emerging economies' share of world's top earners

By Angus McNeice in London (China Daily) Updated: 2016-07-28 07:02

Rise of China boosts emerging economies' share of world's top earners

An employee works on an assembly line producing automobiles at a factory in Qingdao, Shandong province, March 1, 2016. [Photo/Agencies]

A new study of the world's top-earning 1 percent found that many more of them are from emerging economies than in previous decades, a trend largely driven by economic growth in China.

Advanced economies still contribute the majority of the world's top 1 percent of earners, with 79 percent of the share in 2012. However, the share was declining, at around 7 to 11 percent lower than it was between 1988 and 2005.

China's proportion of the global 1 percent, meanwhile, rose from 1.3 percent to 3.4 percent between 2005 and 2012, and was well above its 2002 share, which was a mere 0.2 percent.

"Although China is now, roughly speaking, the joint biggest economy in the world, it still has a much smaller share of the global top 1 percent than the United States, but it's clearly increasing, and it's increasing rapidly," said Paul Segal, senior lecturer of economics at King's College London.

Segal is co-author of "Who Are the Global Top 1%?", a paper to be published on Thursday by researchers at the University of Oxford and King's College. The study looked at household surveys and tax records from advanced and developing nations.

"China is the most important factor in increasing the share of emerging economies in the global top 1 percent," Segal said. "It's economic growth in China that's driving it, combined with the fact that inequality has risen a lot over the last 30 years or so. This means that while the incomes of almost everyone in China have gone up, the incomes of the rich have gone up more. Therefore, they are more likely to get into that global top 1 percent."

A single earner needed to make $50,000 a year after taxes to make it into the top 1 percent of global earners in 2012. Using purchasing power parity exchange rates-which take into account different purchasing powers in different countries-in China this translated to 185,594 yuan that year.

In addition to the downward trend in advanced economies' share of the top 1 percent, the study also found a decline in global inequality.

While Segal said he was "surprised and pleased" to find global inequality was on the downturn, he added that it remains higher than at any time before the 21st century.

"That means that all the tensions that inequality is likely to bring along are still there," he said.

Hot Topics

Editor's Picks
...
宜州市| 天台县| 康保县| 长武县| 资兴市| 朝阳市| 威信县| 肥城市| 东乡族自治县| 安达市| 吉隆县| 阳谷县| 同德县| 济阳县| 甘泉县| 海林市| 西和县| 阿鲁科尔沁旗| 永平县| 二连浩特市| 凯里市| 泊头市| 荥阳市| 华蓥市| 大厂| 微山县| 昆明市| 武清区| 乌海市| 彭泽县| 监利县| 习水县| 浪卡子县| 大兴区| 康平县| 佳木斯市| 双桥区| 贵州省| 轮台县| 囊谦县| 昭苏县|