China’s rich give little to charity Caixin Online - MarketWatch: "Hurun says at least 875,000 individuals and families in China are worth more than $1 million, and 130 have accumulated more than $100 million.
Most of this money was made during the past 30 years, after China started a reform and opening initiative. And the rich got richer as China evolved from a society based on shared wealth to one that lets money concentrate in the hands of a few.
China’s Gini coefficient, a measure of wealth disparity, has been climbing as the gap between rich and poor widens. And as this widening has continues, resentment toward the wealthy has been rising in China."
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