Distribution of Income (2)

CHINA

	HIGH EARNERS	LOW EARNERS
WHERE THEY TEND TO LIVE	-The average income in China's east has been 2.26 times that of the west and it saw a three times difference between the highest and the lowest. -In 2005, disposable income of west urban people was 66.7% of that of east, while in 2004 this rate is 69.7%. -In 2005, disposable income of west rural people was 44.2% of that of east, while in 2004 this rate is 48%. -In 2005, total regional economic growth rate in the west reached 12%.
WHAT KIND OF INDUSTRY	MANFACTURING
STATISTICS
	-Distribution of family income – GINI INDEX -  48 (2009) – 41.5 (2007) -During 2001 to 2003, Chinese economy increased by 10% every year; but the real income of the 10% poorest people decreased by 2.4%. China’s gini coefficient has reached 0.45.(world bank) -The income of top 20% people is eighteen times of that of the lowest 20% people. (Chinese Academy of Social Science) -According to UN’s poverty standard (1 dollar consumption per person a day), there are still 200,000,000 poor people in China, the second largest number in the world, just a little smaller than India. -In 2006, salaried persons contributed 60% of the whole tax income, while the rich contributed only 10%. -Ministry of Finance - the assets of China's wealthiest 10 percent families make up 45 percent of the total wealth of urban residents. -By comparison, 10 percent the families with the lowest income account for only 1.4 percent of the total income of the families in the whole country. -The incomes of those wealthiest families were 8.9 times higher than those poorest families in urban areas. In the rural areas the gap was even larger at 6.7 times.

Distribution of Income (1)

·      INDIA

	HIGH EARNERS	LOW EARNERS
WHERE THEY TEND TO LIVE	- Goa has $7,496 GDP per person - Mumbai City –dollars 209 billion (2008 PPP GDP)	- Bihar has $1,019 GDP per person, the lowest in the country. - Dharavi, Mumbai – one of he largest slums - 55% of Mumbai population live in slums - 6.5 to 7.8 m in slums - So called middle income people - Economy – 700 m dollars in Dharavi - Country migrate to cities - More than17% live in country side
WHAT KIND OF INDUSTRY	India's large service industry accounts for 57.2% of the country's GDP while the industrial and agricultural sectors contribute 28.6% and 14.6% respectively.[16] Agriculture is the predominant occupation in Rural India, accounting for about 52% of employment. The service sector makes up a further 34%, and industrial sector around 14%.
STATISTICS	-Highest number of billionaires in Asia – 36 – combined net worth of 191 billion dollars (2007)	-  836 milllion people in India live on less than 50 cents a day
	- In 2011, the country's GDP PPP per capita was $3,703 IMF, 127th in the world, thus making a lower-middle income economy. - Distribution of family income – GINI INDEX -  36.8(2004) – 37.8 (1997)