Income Inequality and an Economy in Transition
Event Sponsored by the 21st Century China Program at the UC San Diego School of International Relations and Pacific Studies
Thursday, February 21, 2013 from 5:00 PM to 6:30 PM (PST)
Date: Thursday, February 21, 2013
Time: 5:00 - 6:30pm
Location: UC San Diego, IR/PS, Room 3201
Open to: Public
Speaker: GAN Li, Professor of Economics, Texas A&M University and Dean of School of Economics, Southwestern University of Finance and Economics
The income inequality in China, measured by Gini coefficient of 0.61, is now worse than the US and other developed countries. Although high income inequality may not necessarily mean social instability, it is the key reason for the high household saving in China.
Professor Gan will speak on this transition of Chinese economy toward a consumption-based economy that is dependant on a lowering income inequality. He will further argue that the new generation of Chinese leadership should change its spending priority toward a massive increase in the social welfare program.
Professor Gan is Professor of Economics at Texas A&M University and Dean of School of Economics at Southwestern University of Finance and Economics. He received his Ph.D. in 1998 from UC Berkeley, and joined the Department of Economics at Texas A&M University in 2005. Gan recently directed the China Household Finance Survey, a three-year survey that included over 8,000 representative households in China. The study was the first major household survey of consumer finances in China and is receiving enormous media attention.