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Personal Wealth from a Global Perspective$
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James B. Davies

Print publication date: 2008

Print ISBN-13: 9780199548880

Published to Oxford Scholarship Online: January 2009

DOI: 10.1093/acprof:oso/9780199548880.001.0001

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Changes in the Distribution of Wealth in China, 1995–2002

Changes in the Distribution of Wealth in China, 1995–2002

Chapter:
(p.93) 5 Changes in the Distribution of Wealth in China, 1995–2002
Source:
Personal Wealth from a Global Perspective
Author(s):

Shi Li

Renwei Zhao

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199548880.003.0005

This study investigates some major changes in the wealth distribution in China using the data from two national household surveys conducted in 1995 and 2002. The surveys collected rich information on household wealth and its components, enabling a detailed analysis of changes in wealth distribution among Chinese households. This analysis indicates that the wealth distribution in China as a whole became much more unequal in 2002 than it was in 1995. The housing reform, in which public apartments were sold to urban households at extremely low prices, has accelerated the accumulation of wealth among urban households, on the one hand, and widened the wealth gap between urban and rural areas, on the other.

Keywords:   China, wealth, income, distribution, inequality, households

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