The basis of China’s modern economic reform is Deng Xiaoping’s vaunted ‘cat theory,’ but the idea is now being questioned.
Observers of China’s economy shouldn’t focus on sky-high real estate in Beijing. China has many rich people — but the distribution of wealthy is badly skewed, writes Fan Di.
Fan Di, a well-known Chinese economist, explains why the distribution of wealth in China is so skewed.
The basis of China’s modern economic reform is Deng Xiaoping’s vaunted ‘cat theory,’ but the idea is now being questioned.
Observers of China’s economy shouldn’t focus on sky-high real estate in Beijing. China has many rich people — but the distribution of wealthy is badly skewed, writes Fan Di.
Fan Di, a well-known Chinese economist, explains why the distribution of wealth in China is so skewed.