China currently has 710 million people earning a monthly income of less than 2,000 yuan (US$309). Photo: Xinhua China currently has 710 million people earning a monthly income of less than 2,000 yuan (US$309). Photo: Xinhua
China currently has 710 million people earning a monthly income of less than 2,000 yuan (US$309). Photo: Xinhua

China’s ‘two sessions’: wealth inequality poses threat to Beijing’s post-pandemic economic plan

  • Growing inequality in China, especially between cities and rural areas, poses a major challenge for policymakers attending the annual ‘two sessions’ this week
  • The wealth gap threatens to constrain consumption just as Beijing rolls out its ‘dual circulation’ economic strategy, which focuses on boosting domestic demand

Topic |   China economy
China currently has 710 million people earning a monthly income of less than 2,000 yuan (US$309). Photo: Xinhua China currently has 710 million people earning a monthly income of less than 2,000 yuan (US$309). Photo: Xinhua
China currently has 710 million people earning a monthly income of less than 2,000 yuan (US$309). Photo: Xinhua
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