Financial Times FT.com

China’s poorest worse off after boom

By Richard McGregor in Beijing

Published: November 21 2006 22:01 | Last updated: November 21 2006 22:01

China’s poor grew poorer at a time when the country was growing substantially wealthier, an analysis by World Bank economists has found.

The real income of the poorest 10 per cent of China’s 1.3bn people fell by 2.4 per cent in the two years to 2003, the analysis showed, a period when the economy was growing by nearly 10 per cent a year. Over the same period, the income of China’s richest 10 per cent rose by more than 16 per cent.

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