China uses strict measures to counter financial inequality as global report sheds light on rising wealth gap

Beijing [China], January 24 (ANI): China faces vast financial inequality and is using strict measures to counter it as a recent report has shed light on the rising wealth gap worldwide, said a report.

"One per cent of Chinese own 31 per cent of the country's wealth, according to Credit Suisse Research Institute. The coronavirus pandemic further exposed disparities, as the rich returned to luxury spending while other Chine