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Income

(1,433 words)

Author(s): Renwei, Zhao
With regard to the development, structure, and distribution of income in the PRC, it is important to differentiate between the pre-reform era (1949-78) and the period afterwards. Before 1978, incomes were low but at the same time income distribution was very even. In 1980, China's GDP per capita was only $270; China's Human Development Index, which, in addition to purchasing power, also takes into account human factors, such as life expectancy, health, access to clean water, and similar factors,…