Trends of household wealth inequality in China from 2012 to 2020

Haiyuan Wan and Jin Zheng

Chapter 5 in Handbook on Inequality in China, 2025, pp 78-105 from Edward Elgar Publishing

Abstract: Household wealth is a key criterion for measuring a country's economic strength and living standards of its households, with wealth distribution serving as a reflection of social equity. This chapter presents the wealth level and inequality among households in China from 2012 to 2020. The growth of household wealth was comprehensive but wealth composition has changed a lot, with housing being the main component, though its share decreased. China's household wealth inequality was relatively high, showing a relatively stable but slightly upward trend. There was potential pressure for a widening wealth gap between urban and rural areas. Housing prices contributed the most to wealth inequality, and the government's measures to control the rise in housing prices have affected the trend of housing price contributions. The study provides insights into the dynamics of household wealth inequality in China and highlights the policies needed to address it.

Keywords: Wealth growth; Wealth composition; Wealth inequality; Top wealthy; Source decomposition; Housing price (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035317790
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