Gabriel Zucman

Top incomes, inequality in China ‘massively underestimated,’ new study reveals

China’s economic miracle has long been hailed as one of the biggest contributors to the fall in the global rate of extreme poverty. But now that growth is slowing and the country is working its way out of the “middle income trap,” economists have turned their focus toward the sharp inequality that latched onto China’s stunning growth. And according to a new study, it’s far worse than previously estimated.