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China Economic Model

Reading Piketty in Peking: The Case Against Capitalist Inequality in Communist China

Ping Chen | Posted 08.29.2014 | World
Ping Chen

Piketty's concerns are relevant to the growing inequality in China that has resulted from adopting the neo-liberal capitalist model from the West. Hence, Piketty's reflection on mainstream Western economics indirectly treads a delicate ground in China. It fits right into the current raging debate over which path China's reformers should take in the next stage of "structural reform."

Households Need Fair Share of China's Growth

Keyu Jin | Posted 07.21.2014 | World
Keyu Jin

The global debate has focused on the rising inequality across individuals. But a different form of inequality has emerged in China -- the inequality between the household on the one hand, and the corporate sector and government on the other. For decades, China has been one of the fastest growing countries in the world, lifting hundreds of millions of people out of poverty. At a time when industrialized economies have seen greater inequality within countries, China's accumulation of wealth has contributed to a significant decline in global inequality. But exactly how much of the benefits of that growth has accrued to its rightful owners -- the Chinese households, the bedrock of society? Thus, the most pressing challenge for China's economic model is to release greater resources available for households.