• Wed
  • Sep 3, 2014
  • Updated: 12:58pm

Wealth gap

Hidden household income in China tops 6.2tr yuan: study

China’s hidden household income totaled 6.2 trillion yuan in 2011– accounting for 12 per cent of the country’s GDP – underlining the widespread impression corruption represents a “serious challenge” to society, a state-backed foundation’s study says.

Tuesday, 24 September, 2013, 3:17am

Letters to the Editor, June 15, 2013

Land exchange best hope for urban growth

I refer to Jake van der Kamp's column ("Land exchange is not the way forward", June 6) in reply to my letter ("Adopt land exchange for new town", June 5).

I was delighted to read his cosy view that we are "under nowhere near the development pressures we faced back then", from the 1960s to the 1980s.

15 Jun 2013 - 1:53am

Papua New Guinea's growing wealth gap fuels torture, killing of 'witches'

On a tropical island in Papua New Guinea where most people live in huts, a mob armed with guns, machetes and axes stormed a wooden house by night. They seized Helen Rumbali and three female relatives, set the building on fire and took the women away to be tortured. Their alleged crime: witchcraft.

11 Jun 2013 - 2:42am

Wealth gap is widening, union group warns

The benefits of the minimum wage are wearing off for the lowest-paid workers, a union group says. This is shown by the fact that the lowest-paid had an average wage increase less than that of general workers - the reverse of 2011 when the statutory minimum wage law took effect - the Confederation of Trade Unions said yesterday.

30 Apr 2013 - 5:25am

Education must be a prime focus for Hong Kong

Given that higher education is important to Hong Kong's future competitiveness, the expectations of the city's 15-year-olds give cause for concern. According to figures compiled by Chinese University academics from the Programme for International Student Assessment (PISA) in 2009, only 47.2 per cent thought they would complete a university education.

29 Apr 2013 - 2:06am 1 comment

Hong Kong political veteran Elsie Tu criticises tycoons with no conscience

The former lawmaker and urban councillor, who turns 100 on June 2, became emotional when expressing sympathy for striking dock workers and anger with a billionaire, whom she declined to name.

22 Apr 2013 - 12:48pm 22 comments

Poll reveals widening income gap in Hong Kong

Hong Kong's poorest 20 per cent take up just 6 per cent of society's income share while the rich take up 43 per cent, a poll has found as the city's notoriously wide income gap continues to worsen.

10 Apr 2013 - 7:40am

The misery of Hong Kong's wealth gap

Hong Kong people are a miserable lot. According to the misery index constructed by Shue Yan University's Economic and Wellbeing Project, seven in 10 Hongkongers say they are living in misery.

30 Mar 2013 - 3:30am 1 comment

Letters to the Editor, March 18, 2013

After studying how the topic has been discussed over the last 20 plus years, I realise that, like what the experts say about grief over a lost loved one, there are five stages Hongkongers have experienced in their thinking on universal suffrage, although some have occurred simultaneously and not necessarily always in the following order.

18 Mar 2013 - 1:41am 7 comments

Wealth tax idea worthy of debate

A higher tax on the owners of Singapore's most expensive homes - the top 1 per cent - resonates here because it is aimed at closing a widening income gap, a problem we share. But it has prompted property and tax experts to say it would not work in Hong Kong because our residential property market is different. 

3 Mar 2013 - 3:32am 2 comments

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