About one percent of Chinese households
own one-third of the nation's wealth, raising concerns about income
inequality in the world's most populous country, according to a study by
Peking University.
Chinese households on average had a net
worth of 439,000 yuan (about 71,000 U.S. dollars) in 2012, up 17 percent
from the 2010 level, the university's Institute of Social Science
Survey said Friday in its latest report on China's livelihood
development.
However, income inequality rose rapidly
during the period, the report said, as the top one percent of Chinese
households held more than one-third of the nation's wealth, while 25
percent of households at the bottom owned only 10 percent of the
country's property value.
The researchers based their main
analysis on 2012 data from the China Family Panel Studies, a large-scale
survey project conducted by the institute.
The report showed about 74.7 percent of Chinese household wealth came from owning real estate.
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