This paper panel will examine the experiences and lessons from China in combating many dimentional of inequalities. It aims for a synergy of some high quality papers and will encourage the exchange of ideas among scholars. The panellists will consist of some of the authorities in the field.
Since the reform began in 1978, China's GDP has been grown at an average annual rate of 9.6%. The per capita income rose from less than one third of the sub-Saharan African countries in 1978 to US $ 8600 in 2017. According to the 2011 Chinese poverty line (2,300 yuan at 2010 prices, equivalent to $2/day), the number of people under poverty has dropped from 85% of population in 1978 to 4% in 2017.
However, in spite of the achievement, it is facing various economic and social challenges. The inequality has continuously been high with Gini coefficient being above 0.47 for a prolonged period. There has been substantial rural-urban divide and regional divide regarding gaps in income, consumption, education, healthcare, pension and many other areas. These gaps meant that the fruit of economic development has not benefited the people equally, which might lead to a higher degree of substantial social problems and social tensions.
This panel aims to address the challenges of income and wealth inequality, as well as other dimensions of inequality. We hope the high quality papers in this panel will stimulate research in this field, and will help China in addressing its problems of the inequality and in adopting a more balanced approach.