NPR : News

Filed Under:

China's Citizens Hide As Much As $2.34 Trillion In Income, Researcher Says

China's citizens do not report as much as $2.34 trillion of what they make every year, hiding "gray income" that would represent nearly 20 percent of the country's GDP, Chinese economics scholar Wang Xiaolu says, in a report from the news site Global Voices.

Wang, of Beijing's National Economic Research Institute, told an audience last week (page is in Chinese) that the figure means the gap between rich and poor Chinese is wider than is commonly believed.

Speaking at the Chinese Museum of Finance, Wang renewed an argument he made in an attention-grabbing study of China's income gap in 2010. That work, which relied partly on informal surveying of Chinese wage-earners, drew criticism from the official National Bureau of Statistics. It also sparked a government push to bring "gray income" into the daylight — an effort that met with little success.

China's non-reported income is believed to have many origins, from bribes for corrupt officials and under-the-table deals between merchants to monetary gifts bestowed upon doctors and nurses.

As we recently reported, the pervasive covering-up of revenue made efforts to list China's richest citizens difficult, with the magazine Hurun Report concluding that "valuing the wealth of China's richest is as much an art as it is a science."

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

Professional Wrestling World Mourns Longtime Star 'Rowdy' Roddy Piper

The Canadian entered the WWF as a villain and fought Hulk Hogan and Mr. T in the first Wrestlemania event. The career gave the often-bekilted grappler many chances to show off his bagpipe skills.
WAMU 88.5

Donald Trump Sues Chef José Andrés Over Hotel Pullout

Trump has filed a $10 million breach-of-contract lawsuit against Chef José Andrés and his companies after Andrés announced that he's canceling plans to have a restaurant inside Trump's Old Post Office hotel in downtown D.C.
NPR

Pacific Trade Pact In Limbo As Talks End Without A Deal

Disagreements remain among the 12 countries regarding drug patents, market access and more, and likely will delay congressional debate of any eventual agreement into 2016.
NPR

Despite Host Controversy, Amazon Takes A Chance On 'Top Gear'

The trio that made Top Gear the world's biggest car show will return to the small screen in a new show for Amazon Prime. The BBC canned one of its hosts last year after a fight with a producer.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.