- On Air Program Guide
- A Blue View
- Brain Talk
- Cellar Notes
- Choral Arts Classics
- The Environment in Focus
- Gil Sandler’s Baltimore Stories
- Humanities Connection
- Maryland Morning with Sheilah Kast
- Midday with Dan Rodricks
- The Morning Economic Report
- Radio Kitchen
- The Signal
- Take Five
- Your Maryland
- Public Commentary
- War of 1812 Stories
China's Citizens Hide As Much As $2.34 Trillion In Income, Researcher Says
Thu, 07 Mar 2013 12:59:00 -0500
China's citizens do not report as much as $2.34 trillion of what they make every year, hiding "gray income" that would represent nearly 20 percent of the country's GDP, Chinese economics scholar Wang Xiaolu says, in a report from the news site Global Voices.
Wang, of Beijing's National Economic Research Institute, told an audience last week (page is in Chinese) that the figure means the gap between rich and poor Chinese is wider than is commonly believed.
Speaking at the Chinese Museum of Finance, Wang renewed an argument he made in an attention-grabbing study of China's income gap in 2010. That work, which relied partly on informal surveying of Chinese wage-earners, drew criticism from the official National Bureau of Statistics. It also sparked a government push to bring "gray income" into the daylight — an effort that met with little success.
China's non-reported income is believed to have many origins, from bribes for corrupt officials and under-the-table deals between merchants to monetary gifts bestowed upon doctors and nurses.
As we recently reported, the pervasive covering-up of revenue made efforts to list China's richest citizens difficult, with the magazine Hurun Report concluding that "valuing the wealth of China's richest is as much an art as it is a science."
Copyright 2013 NPR. To see more, visit http://www.npr.org/.
IN FOCUS TODAY
Friday, May 17, 2013 - 4:41am
More than 17,000 Baltimore students miss 20 or more days of school a year. Many of these...
Friday, May 17, 2013 - 4:37am
WYPR's Fraser Smith and Karen Hosler talk about changes to the horse racing industry in Maryland...
Thursday, May 16, 2013 - 7:00am
Attorney General Doug Gansler may run for governor in 2014, but he's moving toward a decision...