China's income gap has narrowed since peaking in 2008 but still lingers above the internationally recognized warning level, data from the National Bureau of Statistics (NBS) showed Friday. For the ...

Much has been written about the relationship between inequality and economic development, but theory remains inconclusive. When income is more concentrated in the hands of a few individuals, this can ...

After declaring that India has almost eliminated extreme poverty, the government’s Press Information Bureau (PIB) has picked up another set of estimates from the World Bank. This PIB release last week ...

BEIJING (Reuters) - China's statistics chief declared on Friday there was an urgent need for reforms to narrow the income gap between rich and poor, addressing head-on an issue that officialdom has ...