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Hong Kong’s Wealth Gap Widens as City Ages, Industries Fade

Hong Kong’s wealth gap, the biggest in Asia, widened in the decade to 2011 as the city’s population aged and employers demanded more high-skilled workers.

The city’s Gini coefficient, an income inequality measure, gained to 0.537 in 2011, from 0.525 in 2001, the Census and Statistics Department said yesterday in a report. The gap is wider than in Canada, the U.K., the U.S., Australia and Singapore, the department said.