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China admits its wide wealth gap

The yawning gulf between China's rich and poor has been officially revealed as the government said it needed to narrow the politically explosive gap.

Beijing failed to report the widely-used Gini coefficient for income distribution for 12 years as complaints grew about the widening income gap during China's fastest growth on record.

It prompted suggestions the ruling Communist Party might be trying to downplay the gap between an elite who benefited from more than three decades of reform and the poor majority.

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