Globalizaion and Inequality.docxVIP

U5271109 Hanbing Yang CRWF 8000  PAGE \* MERGEFORMAT 10 Globalization and Inequality – A Case of China Introduction After the reforms in 1978, China experienced rapid economic growth, which remarkably increased the living standard of people. However, the growth was highly skewed and not shared equally across the country. In general, the western and middle China areas had fallen behind the eastern China; and the rural areas grew slower than cities. According to the data from China Household Finance Survey (CHFS), the overall