The grandchildren of China’s pre-revolutionary elite are unusually rich

United Kingdom News News

The grandchildren of China’s pre-revolutionary elite are unusually rich
United Kingdom Latest News,United Kingdom Headlines
  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 92%

The surviving descendants of China’s old elite have prospered, according to data gathered by an international group of academics

Save time by listening to our audio articles as you multitaskHundreds of thousands of landlords were murdered. Tens of millions of people died in a famine when farms were collectivised. Yet the surviving descendants of the old elite have prospered. By 2010 they were again richer and more educated than the Chinese average, according to data gathered by an international group of academics.

To measure what has happened since then, the authors used a survey of 36,000 Chinese residents from 2010. It recorded earnings and education, as well as social class. The party created hereditary class labels in 1950, in part to punish the old guard. These allowed the researchers to distinguish between old elites and everyone else.

But things flipped back. Descendants of the old elite born between 1966 and 1990 were 6% more likely to finish high school than their contemporaries. In 2010 they earned 12% more than other Chinese. They even earned 2% more than party members.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheEconomist /  🏆 6. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Queen wanted to see the Cambridges playing with Lilibet, says expertQueen wanted to see the Cambridges playing with Lilibet, says expertEXCLUSIVE: Royal expert Jennie Bond tells OK! that Her Majesty 'would have loved' to see her great-grandchildren playing together during her Jubilee celebrations last weekend
Read more »

Jurassic World: Dominion is available to pre-order with exclusive SteelbookJurassic World: Dominion is available to pre-order with exclusive SteelbookJurassic World: Dominion is available to pre-order with exclusive Steelbook – how to buy
Read more »

The diet that is right for you: putting a personalised nutrition app to the testThe diet that is right for you: putting a personalised nutrition app to the testA gadget-rich programme says it will find out how you react to foods and teach you to eat the best ones
Read more »

The hotheads who could start a cold warThe hotheads who could start a cold warChina’s deep distrust of America and the West is making it reckless
Read more »



Render Time: 2025-02-23 15:35:03