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A woman rides past a clothing store in the business area of Jiaozuo, China's central Henan province, last December. Studies of China’s income and wealth gap suggest the country is one of the most unequal societies on earth.
A woman rides past a clothing store in the business area of Jiaozuo, China's central Henan province, last December. Studies of China’s income and wealth gap suggest the country is one of the most unequal societies on earth.
(ALY SONG/REUTERS)

Omer Aziz

The four threats China faces as its growth becomes unequal

China has a major economic problem. It is not the greatly reduced economic growth or the enormous real estate bubble or the prodigious state-owned enterprises that you’ve heard about. Yes, these are certainly major economic troubles, but there is another problem overlooked in too much of the commentary on China’s economy: the vast and rapidly rising inequality among China’s regions, people and classes.