Economics
China's Got a $46,000 Wealth Gap Problem
- China’s 31 provincial-level economies retain wide income gap
- Gansu and Yunnan regions rank alongside Ukraine, Guatemala
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China is no monolith. While residents in Shanghai and Beijing are almost as well off as those in Switzerland by some income measures, parts of the country live more like they were in Guatemala.
The economic might of the mainland’s 31 provincial-level territories ranges from rust-belt areas in the northeast to farming areas in the central plains to Silicon Valley wannabes sprouting up in support of companies such as Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Huawei Technologies Co.