China’s wealth inequality has worsened in pandemic, highlighting ‘alarming’ global trend, Oxfam finds

4 months ago 34
The world’s income and wealth inequality is said to have reached an “alarming” level two years into a global pandemic that has killed at least 5.5 million people.The disparity has proved particularly challenging for Asian countries, forcing Beijing, Tokyo, Bangkok and others to provide more policy support, according to analysts.The wealth of the world’s 10 richest men has doubled to about US$1.5 trillion since the coronavirus pandemic began, but the incomes of 99 per cent of humanity are worse…
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