EMERGING MARKETS: Chinese plan to reduce inequality a 'gift' to people

China's outgoing cabinet at last approved reforms to deal with rising income inequality, in a move some analysts called 'a gift'

  • 07 Feb 2013

The plan aims to cut the number of Chinese people living below the poverty line to 80 million by 2015 from the current 128 million, by increasing farmers’ incomes and making the settling of migratory workers into cities easier, according to analysts at Raiffeisen Bank.

Further steps include raising ...

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3 HSBC 33,001.31 270 7.22%
4 Standard Chartered Bank 24,799.02 198 5.42%
5 BNP Paribas 17,722.61 95 3.88%

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4 Santander 4,850.26 26 7.04%
5 Morgan Stanley 4,698.95 17 6.82%

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4 HSBC 8,619.65 46 6.25%
5 BNP Paribas 8,469.15 23 6.14%

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5 Citi 95.36 35 5.16%

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2 SG Corporate & Investment Banking 1,851.18 13 10.70%
3 ING 1,599.84 14 9.25%
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5 MUFG 1,085.56 8 6.28%

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5 JPMorgan 1,393.13 16 8.89%