China's income disparity has been widening during the reform period, as the Gini coefficient of China rose from a low level of 0.33 in 1980 to 0.46 in 2000. Will this trend of widening income gap continue? This article makes the following arguments: First, China's income disparity is alarmingly...

China lags behind the world standard in urbanization, even during its rapid economic growth period under reform. This urbanization lag implies a tremendous cost in employment and growth, approximately a loss of 75 million job opportunities and a loss of 10% of in GDP. Urgent attention and...