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Friday, October 19, 2012

The Chinese rich get richer

According to a recent report from China's Ministry of Human Resources and Social Security, astronomical increases in salaries in several domestic industries, especially among high-level corporate executives, have widened the gap between the rich and the poor.

Ma Mingzhe, the general manager of Ping An Group, for example. In 2007, his annual income reached 66.16 million yuan ($10.58 million); 2,751 times higher than the average yearly salary of a white collar worker in China at that time and 4,553 times more than the average migrant worker.

In a poll 81% of Chinese agree with the statement the “rich just get richer while the poor get poorer,”

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