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The annual meeting of China’s National People’s Congress (NPC) has led to increased frustrations among its citizens over income inequality. All told, the NPC’s delegates’ wealth totals $80 billion – and this fact was made highly visible by the Chinese blog, Weibo, which published photos of the luxurious setting, with delegates clad in expensive clothing.
The Chinese have a GDP of around $5,500, per capita, but inflation and property taxes are eroding value. And although income inequality is improving (it’s about the same as in the United States), many Chinese perceive it as being a result not of industry or innovation, but of corruption. But with government power changing hands in the coming year, new policies to remedy both the perception and the reality of the wealth gap may be in the works.