China's Financial Inequality Gap Widens

http://www.economywatch.com/features/Chinas-Financial-Inequality-Gap-Widens1012.html

‘Financialisation’ — the rising leverage of financial and non-financial firms and the growing influence of financial elites — could help conceptualise and analyse the evolution of China’s political (and consequently real) economy. While the study of the relationship between financialisation and inequality is in its early stages, it is still relevant to China. There is a clear correlation between the growth of private debt relative to GDP and rising wealth inequality. The top 10 percent of China’s population have increased their share of total wealth from less than 40 percent in the early 2000s, to almost 65 percent by 2010.