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Widening rich-poor wealth gap biggest risk for decade: WEF

Last Updated: Thursday, January 16, 2014, 19:41

A growing rich-poor income gap is the biggest risk the world is facing for the next decade, while failure to create a sustainable healthcare system may create social unrest in countries like India, the World Economic Forum (WEF) said Thursday.

Wealth gap widening in China, warn surveys

Last Updated: Sunday, April 14, 2013, 19:00

A survey conducted by the Income Distribution Research Centre, affiliated with the Zhongnan University of Economic and Law, showed that the wealth gap among rural residents is expanding.

China to tax rich more, cap executive pays to cut wealth gap

Last Updated: Wednesday, February 06, 2013, 16:59

In a bid to address widening wealth gap, China has unveiled a major plan to reform its income distribution mechanism, proposing to tax the rich and state units more besides imposing caps on salaries of top managers while increasing lower staff pay.

China to tax rich more, cap executive pays to cut wealth gap

Last Updated: Wednesday, February 06, 2013, 16:12

In a bid to address widening wealth gap, China has unveiled a major plan to reform its income distribution mechanism.

China`s wealth gap widening alarmingly; warns new survey

Last Updated: Monday, December 10, 2012, 21:43

China`s wealth gap is widening to an alarming level much to the disquiet of ruling Communist Party, according to a survey.

China to tackle growing wealth gap head-on

Last Updated: Saturday, November 10, 2012, 18:26

Growing wealth gap in China has been identified as the most pressing problem for the Asia's largest emerging economy and the ongoing once-in-a-decade leadership Congress of the ruling Communist Party is looking to tackle the issue head-on, according to a report.

Wealth gap widens between whites, minorities in the US

Last Updated: Tuesday, July 26, 2011, 20:56

Hit by the bursting of the American housing market bubble and financial meltdown, the wealth gap between white and minority families now is the largest since the government began tracking the data in 1984, according to a study published Tuesday.