Never Mind the Fiscal Cliff, China is Headed For a ‘Real’ Cliff

By Michelle Yu China is dangerously close to a catastrophic political, economic, and social meltdown, according to a Chinese business scholar, who cites China’s growing income gap as one of its serious crisis indicators. According to two recent reports, China’s Gini coefficient, which measures income inequality, has been above 0.6 for the past two years,…

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