It has changed into a society more closely approximating the United States, though China has not quite reached U.S. levels of inequality yet. Their work highlights the mixed blessings of China’s economic growth. “For the time being, China’s development model appears to be more egalitarian than that of the United States, and less than Europe’s,” they write. His 2013 book “Capital in the 21st Century” used historical series to explore inequality in France, the United Kingdom, the United States and elsewhere. This was the kind of job held by the parents of one of the researchers, Yang.

Source: Washington Post May 01, 2017 18:38 UTC